Yuan-USD parity rate ends 1yr lows
Print Edition
The central parity rate of the Chinese yuan against the US dollar was 6.8431 on Tuesday, advancing by 82 basis points and ended the lows recorded for more than a year.
This reversed the currency鈥檚 downward trend on Monday and last Friday, which saw a respective loss of 191 and 380 basis points.
At around 7:45pm on Tuesday, China鈥檚 offshore yuan strengthened against the greenback above 6.83, rising over 500 basis points from the day鈥檚 low of the day.
A little earlier, the onshore yuan also rose to 6.83 against the dollar, jumping nearly 300 basis points within the day. At 11:30pm, the onshore yuan closed at 6.8332, up 198 basis points from the end of Monday鈥檚 night session. The surge came after reports the People鈥檚 Bank of China called for major banks to fend off further currency volatility.
The central bank is confident of maintaining the yuan鈥檚 stability. The PBOC said it will seek to keep the flexible exchange rate system and two-way floating regime 鈥渦nchanged.鈥
- 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.
