Yuan climbs
By Maggie Zhang |
January 5, 2011, Wednesday
|
Print Edition
Print Edition
THE yuan yesterday rose for the 10th straight day on its central parity rate on talk that a faster rise of the currency is needed to tame inflation.
The People's Bank of China yesterday set the central parity rate of the yuan at 6.6215 against the US dollar, up 0.2 percent than the last trading day in 2010. The yuan ended at 6.6088 yesterday.
The People's Bank of China yesterday set the central parity rate of the yuan at 6.6215 against the US dollar, up 0.2 percent than the last trading day in 2010. The yuan ended at 6.6088 yesterday.
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