Yuan strength­ens against green­back

China Daily (Canada) - - SHANGHAI -

The cen­tral par­ity rate of the yuan strength­ened for a sec­ond day against the US dol­lar on Wed­nes­day to the strong­est level since Sept 25, 2018. The yuan’s cen­tral par­ity rate ad­vanced 463 ba­sis points to 6.8476 against the dol­lar, fol­low­ing a strength­en­ing of 492 ba­sis points on Tues­day, ac­cord­ing to the China For­eign Ex­change Trade Sys­tem. With signs of eb­bing external risks, for­eign ex­change mar­ket sen­ti­ment has been boosted and the yuan is un­likely to de­pre­ci­ate be­yond the 7 yuan per dol­lar mark within the year, China Se­cu­ri­ties Jour­nal cited mar­ket in­sid­ers as say­ing. the first 11 months of this year, the com­pany said on Tues­day. The com­pany has in­tro­duced sev­eral new mod­els to the mar­ket this year, in­clud­ing the sev­enth gen­er­a­tion of its clas­sic J7 heavy truck. The com­pany sets a goal of sell­ing 350,000 ve­hi­cles in 2020 and 430,000 ve­hi­cles in 2023. The num­ber is ex­pected to reach 500,000 in 2025. ad­justed third quar­ter read­ing showed Aus­tralia’s economy grew by just 0.3 per­cent, the weak­est quar­terly ex­pan­sion in two years down un­der.

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