Chinese Yuan Strengthens to 6.8806 against USD Tuesday
Chinese currency
Beijing - QNA
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 92 basis points to 6.8806 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.
All eyes are fixed on the new U.S. president who drove the greenback to its strongest gain since mid-December last week, promising a "phenomenal" tax reform for U.S. companies. Investors hope that this signals a pick up in economic growth.
Thanks to resilient economic growth and improved government regulation, the yuan has generally stabilized from the sharp falls of last year and has begun to see more two-way fluctuations.
The yuan's volatility may continue as the market digests a slew of key economic data this week, including China's January inflation, GDP for the euro zone, British retail and employment figures, as well as U.S. retail and inflation figures. China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day
GMT 21:18 2017 Thursday ,16 February
Chinese Yuan Strengthens to 6.8632 Against USD WednesdayGMT 21:48 2017 Tuesday ,14 February
Chinese Yuan Weakens to 6.8898 Against USD MondayGMT 21:07 2017 Thursday ,09 February
China's Yuan Strengthens to 6.8710 against US DollarGMT 21:23 2017 Wednesday ,08 February
China's Yuan Weakens to 6.8849 against US Dollar WednesdayGMT 17:32 2017 Wednesday ,08 February
China's Yuan Strengthens to 6.8604 against US Dollar TuesdayRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 19:37 2011 Monday ,12 December
The 1966 Scandal That Almost Ruined the Monte Carlo Rally
GMT 09:51 2017 Monday ,09 October
ADGM sets out guidance on initial coin offerings and virtual currencies
GMT 07:58 2013 Wednesday ,26 June
Moussa demands Egyptian president\'s resignation
GMT 13:14 2018 Wednesday ,05 September
Ukrainian MP sues extremist parliament speaker for spouting Nazi propaganda
GMT 19:43 2017 Saturday ,29 July
Outgoing UNEP director Dr. Iyad Abumoghli honoured
GMT 11:49 2016 Thursday ,29 December
Tokyo slumps as yen strengthens, Toshiba plunges again
GMT 04:21 2012 Friday ,13 July
Support Libya!GMT 16:33 2012 Thursday ,03 May
Shando: No death threats from Mohammed Mounir
GMT 16:33 2018 Sunday ,21 January
At least 18 dead in Kabul hotel attack, including 14 foreigners
GMT 13:47 2017 Thursday ,21 December
Turkey seeks to jail NBA star Kanter over insulting Erdogan
GMT 13:06 2017 Monday ,28 August
Rogina expresses solidarity with Sameh
GMT 05:34 2024 Wednesday ,07 February
Meghan presents fashion award to wedding dress designer Waight Keller
GMT 11:11 2018 Monday ,19 November
Yemen's Houthis to halt missile, drone attacks on Saudi coalition
GMT 14:19 2018 Sunday ,18 November
Meet Michelle Obama’s stylist Meredith Koop
GMT 01:43 2013 Thursday ,19 December
Walmart store not liable for customer\'s racial commentsGMT 08:23 2011 Sunday ,25 December
JEM\'s leader Khalil Ibrahim killed by Sudanese Army
GMT 21:07 2016 Monday ,04 January
Saudi Shura Council condemns attacks on Saudi Embassy in TehranGMT 12:01 2011 Thursday ,04 August
Troicki, Verdasco advance at rain-hit ATP WashingtonGMT 04:38 2011 Monday ,31 October
Philippines welcomes symbolic \'7 billionth baby\'
GMT 15:10 2018 Friday ,07 September
Cosmonauts may examine hole in Soyuz spacecraft’s hull during spacewalk — sourceGMT 06:31 2012 Wednesday ,13 June
Norway\'s world champ Dale Oen died of heart attack
GMT 05:18 2013 Wednesday ,03 July
Fresh mortar attacks kill 7 in Damascus, Aleppo
GMT 13:53 2013 Thursday ,20 June
Reviving the \'dying art\' of calligraphy in India
GMT 16:42 2017 Saturday ,06 May
29 schoolchildren killed in Tanzania bus crash: school officialGMT 15:29 2011 Tuesday ,15 November
Ongoing instability in Algeria\'s Kabylia mountains
GMT 00:29 2017 Monday ,01 May
Oman's GDP per capita expected to be $18,750 in 2020
GMT 17:13 2017 Sunday ,30 July
HRH Crown Prince meets UK Ambassador
GMT 15:11 2017 Wednesday ,09 August
2 terrorists killed, another one severely injuredGMT 18:14 2011 Saturday ,27 August
Online voting assistance tool \'TuniVote\' presentedGMT 15:26 2011 Thursday ,10 November
Western black rhino declared extinctGMT 09:10 2011 Sunday ,24 July
Rangers ready for Euro test, insists new manager
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor