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Business / Markets

China yuan strengthens to 6.1190 against USD

(Xinhua) Updated: 2014-03-03 11:31

BEIJING - The Chinese currency renminbi, or yuan, strengthened 24 basis points to 6.1190 against the US dollar on Monday, according to the China Foreign Exchange Trading System.

 China yuan strengthens to 6.1190 against USD

A record year for foreign renminbi exchange 

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day.

Renminbi may become global reserve currency

PBOC clarifies rules on FTZ yuan business

Luxembourg wants bank for yuan deals

IFC to issue record yuan bonds in London

 

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