On Thursday, the central parity rate for the Chinese currency, the renminbi, commonly known as the yuan, experienced a decline of 83 pips, settling at 7.1299 against the US dollar. This information was provided by the China Foreign Exchange Trade…
On Monday, the central parity rate of the Chinese currency, the renminbi, commonly known as the Yuan, appreciated by 219 pips, reaching a level of 7.1139 against the US dollar. This adjustment was reported by the China Foreign Exchange Trade…
The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation. The resolution was sequel to the adoption of…
The central parity rate of the Chinese currency, the Yuan, weakened eight pips to 6.5598 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to…
…China adopts law on futures, derivatives The central parity rate of the Chinese currency renminbi, or the yuan, weakened 276 pips to 6.3996 against the U.S. Dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot…
