Spot yuan declines the most in 5 weeks
THE yuan yesterday weakened the most in five weeks on the spot market after the Chinese central bank set the reference rate to a 10-day low.
The yuan dipped 0.09 percent to 6.2213 dollars in Shanghai, the largest daily decline since December 14, according to the China Foreign Exchange Trade System. The yuan can trade up to 1 percent on either side of the central bank's fixing.
The People's Bank of China yesterday set the central parity rate at 6.2790 per US dollar, the weakest since January 10.
The yuan's weakening occurred as other major currencies, including the euro, yen and pound, slipped against the US dollar on speculation that on-going meetings of leaders in Europe and Japan would lead to monetary easing in both regions.
The yen hit the weakest against the dollar in over two years yesterday. It recovered before the market closed.
The yuan dipped 0.09 percent to 6.2213 dollars in Shanghai, the largest daily decline since December 14, according to the China Foreign Exchange Trade System. The yuan can trade up to 1 percent on either side of the central bank's fixing.
The People's Bank of China yesterday set the central parity rate at 6.2790 per US dollar, the weakest since January 10.
The yuan's weakening occurred as other major currencies, including the euro, yen and pound, slipped against the US dollar on speculation that on-going meetings of leaders in Europe and Japan would lead to monetary easing in both regions.
The yen hit the weakest against the dollar in over two years yesterday. It recovered before the market closed.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.