China’s Yuan Breaks 7.4 Mark Against U.S. Dollar – Xinhua

From Xinhua, via

China’s currency, the yuan, Friday hit a new high against the U.S. dollar for the second consecutive day, smashing the 7.4-yuan mark, according to the Chinese Foreign Exchange Trading System.

The central parity rate of the yuan, also known as Renminbi (RMB), stood at 7.3992 yuan to one U.S. dollar on Friday, gaining 127 basis points from Thursday’s reference rate of 7.4119.

It is the 73rd time since the beginning of this year that RMB reached a new high against the U.S. dollar. [Full Text]

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.