China yuan advances to 6.1480 against US dollar Monday
Beijing - XINHUA
The Chinese currency Renminbi, or the yuan, gained 15 basis points to 6.1480 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System. In China's foreign exchange spot market, the yuan is allowed to rise or fall bya 1 percent from the central parity rate each trading day. The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
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