Chi­nese yuan firms against US dol­lar

China Daily (Hong Kong) - - BUSINESS -

The cen­tral par­ity rate of the Chi­nese cur­rency ren­minbi, or the yuan, strength­ened 54 ba­sis points to 6.9435 against the US dol­lar on Thurs­day, ac­cord­ing to the China For­eign Ex­change Trad­ing 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 US dol­lar is based on a weighted av­er­age of prices of­fered by mar­ket mak­ers be­fore the open­ing of the in­ter­bank mar­ket each busi­ness day. con­tracts are agree­ments to buy or sell trea­sury bonds at a pre­de­ter­mined price and set date. They al­low in­vestors to bet on and profit from the move­ments in the value of the bonds. lat­est in a flurry of au­ton­o­mous ve­hi­cle deals re­cently between tech­nol­ogy com­pa­nies and au­tomak­ers. agency. The EU av­er­age con­tin­ued to mask ma­jor dis­par­i­ties between mem­ber states. In 2014, so­cial pro­tec­tion ex­pen­di­ture rep­re­sented at least 30 per­cent of GDP in seven coun­tries, with high­est ra­tios emerg­ing in France and Den­mark. In con­trast, the read­ing stood be­low 20 per­cent of GDP in 10 mem­ber states, mostly in Eastern Europe.

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