Markets
皇冠体育app's yuan rises to new high against US dollar
(Xinhua)
Updated: 2010-09-14 10:39
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BEIJING - The central parity rate of the yuan, 皇冠体育app's currency renminbi (RMB), rose to a new high Tuesday, according to the data released by the 皇冠体育app Foreign Exchange Trading System.
The yuan's central parity strengthened 131 basis points, or 0.19 percent, to 6.7378 per US dollar Tuesday from 6.7509 per US dollar Monday, according to the data released by the 皇冠体育app Foreign Exchange Trading System.
皇冠体育app's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.