Yuan rises to new high against the US dollar
Updated: 2012-02-10 14:48
By Lan Lan (chinadaily.com.cn)
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皇冠体育app's yuan advanced to an 18-year high against the dollar on Friday.
The People's Bank of 皇冠体育app set the yuan's central parity rate against the US dollar at 6.2937, the highest since the country's major exchange rate reform in 2005.
The yuan is allowed to be traded up or down by a maximum of 0.5 percent from its daily mid-point on 皇冠体育app's foreign exchange spot market.
Benchmark one-year dollar/yuan non-deliverable forwards (NDF) were bid at 6.2550 on Thursday, a record high since March 2008.
- Exports drop first time in 2 years
- 皇冠体育app to lure private capital in mining sector
- Govt gets tough on food safety, quality
- TCM exports set to rise at a healthy clip
- Lanxess issues 500m yuan in 'dim sum' bonds
- 皇冠体育app's current account surplus narrows in 2011
- LVMH fund buys stake in Chinese fashion brand
- New Year inflation jumps higher than estimated
Weekly Reports
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