HomeFINANCEChinese yuan weakens, trading at 6.8835 to 1 US dollar

Chinese yuan weakens, trading at 6.8835 to 1 US dollar

FINANCESTOCK MARKETFOREIGN FILETOP STORIES

Published on

By The News Room

-Advertisement-

The Chinese currency’s central parity rate, or yuan, fell 83 pips to 6.8835 against the US dollar.

This was announced on Monday by the China Foreign Exchange Trade System.

Each trading day in China’s spot foreign exchange market, the yuan can climb or fall by 2% from the central parity rate.

The central parity rate of the yuan versus the dollar is determined by a weighted average of prices given by market makers prior to the start of the interbank market each business day.

(Xinhua/NAN)

-All Rights Reserved-
Permission to use any material, including text, still photograph, audio and video from this site is granted subject to permission being formally sought and, if granted, appropriate credit must duly be given to The News Room as the source.

Join Our WhatsApp Community! 🌟 Stay connected, get exclusive updates, and be the first to know about all the exciting things happening. Whether you’re looking for insights, tips, or just want to be part of an amazing community, our WhatsApp group is the place to be! 👉 Don’t miss out. Click the link and be part of something awesome! 🚀

Latest articles

INTERNATIONAL FILE

FULL LIST: Top seven best-paying European countries after tax

Across Europe, salaries can look impressive on paper, but what truly matters is how much workers actually take home after taxes.
SPORTS

Man City host Liverpool, Arsenal chase treble in FA Cup quarter-finals

Liverpool face a daunting trip to Manchester City in the standout tie of the FA Cup quarter-finals this weekend as Mohamed Salah seeks to end nine spectacular seasons at Anfield on a high.
SECURITY

Gunmen abduct Sokoto residents as police intensify rescue operation

The Sokoto State Police Command has confirmed a late-night bandit attack on Chacho community in Wurno Local Government Area, during which several residents were abducted, and others were injured.
SPORTS

Buffon quits Italy role following World ‘Cup play-off exit

Ex-Italy goal keeper Gianluigi Buffon has stepped down from his role as delegation with the Italy national team following the country’s failure to qualify for the 2026 FIFA World Cup.

More like this

INTERNATIONAL FILE

FULL LIST: Top seven best-paying European countries after tax

Across Europe, salaries can look impressive on paper, but what truly matters is how much workers actually take home after taxes.
SPORTS

Man City host Liverpool, Arsenal chase treble in FA Cup quarter-finals

Liverpool face a daunting trip to Manchester City in the standout tie of the FA Cup quarter-finals this weekend as Mohamed Salah seeks to end nine spectacular seasons at Anfield on a high.
SECURITY

Gunmen abduct Sokoto residents as police intensify rescue operation

The Sokoto State Police Command has confirmed a late-night bandit attack on Chacho community in Wurno Local Government Area, during which several residents were abducted, and others were injured.