Ren­minbi firms against the dol­lar

China Daily (USA) - - BUSINESS -

The cen­tral par­ity rate of the yuan strength­ened 206 ba­sis points to 6.8779 against the dol­lar on Tues­day, 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 dol­lar is based on a weighted av­er­age of prices of­fered by mar­ket mak­ers be­fore the open­ing of the in­ter­bank mar­ket each busi­ness day.

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