Chinese yuan strengthens to 7.1115 against USD Friday
Xinhua
09 Jun 2023, 16:35 GMT+10
BEIJING, June 9 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 165 pips to 7.1115 against the U.S. 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.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Michigan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Michigan Sun.
More InformationTech stocks slide, industrials surge on Wall Street
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
Canada-US trade talks resume after Carney rescinds tech tax
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Lululemon accuses Costco of selling knockoff apparel
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
Shell rejects claim of early merger talks with BP
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
Wall Street extends rally, Standard and Poor's 500 hits new high
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
Canadian tax on US tech giants dropped after Trump fury
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
Native leaders, activists oppose detention site on Florida wetlands
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
Beijing crowds cheer AI-powered robots over real soccer players
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
COVID-19 source still unknown, says WHO panel
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
Fox faces $787 million lawsuit from Newsom over Trump phone call
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
DeepSeek faces app store ban in Germany over data transfer fears
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Canadian option offered to Harvard graduates facing US visa issues
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
