The Yuan Strengthens Amid Strong Trade Report

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The story "The Yuan Strengthens Amid Strong Trade Report" was covered 1 weeks ago by Business Today, a news publisher based in Malaysia.

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The Yuan Strengthens Amid Strong Trade Report - Business Today

Quick Summary:

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 14 pips to 7.2096 against the U.S.dollar Tuesday, 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.

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