» Chinese Yuan at New High Against US Dollar in Foreign Exchange

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Chinese Yuan at New High Against US Dollar in Foreign Exchange

Chinese central bank allows yuan to appreciateThe Chinese central bank has allowed the yuan (also called the renminbi) to appreciate to a new level on the foreign exchange market.

Even though individual traders cannot use the Chinese yuan in currency trading, yuan values often influence other forex trading moves. Forbes reports on the Chinese yuan in foreign exchange:

The central bank set the yuan central parity rate at a new record of 7.0130 to the dollar this morning, compared with the midpoint of 7.0252 set the previous trading day. The yuan’s daily trading band is currently set at 0.5 pct.

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This entry was posted on Thursday, March 27th, 2008 at 13:00 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Chinese Yuan at New High Against US Dollar in Foreign Exchange

Chinese central bank allows yuan to appreciateThe Chinese central bank has allowed the yuan (also called the renminbi) to appreciate to a new level on the foreign exchange market.

Even though individual traders cannot use the Chinese yuan in currency trading, yuan values often influence other forex trading moves. Forbes reports on the Chinese yuan in foreign exchange:

The central bank set the yuan central parity rate at a new record of 7.0130 to the dollar this morning, compared with the midpoint of 7.0252 set the previous trading day. The yuan’s daily trading band is currently set at 0.5 pct.

See Also

Source :

This entry was posted on Thursday, March 27th, 2008 at 13:00 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

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