Sunday, November 29, 2020
Home Lead Story Chinese Yuan Edges Lower Against US Dollar

Chinese Yuan Edges Lower Against US Dollar

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 45 basis points to 6.8586 against the US dollar Friday, according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported.

Also Read- Partial Government Shutdown: Trump, Lawmakers Fail to Break Impasse

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,779FollowersFollow

Most Popular

25M Couples in India Had No Access To Contraceptives During Pandemic

The Covid-19 pandemic interrupted contraceptive access for an estimated over 25 million couples in India, said a report by the Joint United Nations Programme...

Puff-Throated Babbler Spotted in Rajasthan

The spotting of a new species of babbler bird has added a new dimension to Rajasthan's rich biodiversity. The small resident bird spotted in...

Holiday Homes Demand Increased During Pandemic

As the pandemic has significantly impacted the operations of businesses and people's working model, housing preferences also have changed and the demand for holiday...

Researchers Discover Galaxy Surviving Black Hole’s Hunger

Researchers have discovered a galaxy that has been managing to survive a black hole's hunger by continuing to birth new stars, about 100 Sun-sized...

Areas of Brain Promoting Patience Releasing Serotonin

Researchers have identified specific areas of the brain that individually promote patience through the action of serotonin, a chemical that the body produces. The research,...

Climate Change Resulting Decline in Arid Regions’ Vegetation

While climate change and rising global temperatures are leading to declining in vegetation in arid regions of the world's poorest countries, the situation appears...

Instagram Allows Advertisers Create Sponsored Ads From User Accounts

Facebook-owned Instagram is now allowing advertisers to create sponsored ads from user accounts and the feature is part of its update to branded content...

India’s Foreign Exchange Reserves Increase By $2.5 Billion

India's foreign exchange reserves rose $2.51 billion during the week ended November 20. According to the Reserve Bank of India's weekly statistical supplement, the reserves...

Recent Comments