Markets

China's yuan strengthens against US dollar Tuesday

(Xinhua)
Updated: 2010-11-09 11:04

BEIJING - The central parity rate of renminbi, or China's currency yuan, strengthened 112 basis points Tuesday to 6.6580 per US dollar, according to the data released by the China Foreign Exchange Trading System.

At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 percent each way of the central parity rate.