Chinese currency

China’s FX reserves rebound above $3tr

Beijing - Arab Today

China’s foreign exchange reserves unexpectedly rose for the first time in 8 months in February, rebounding above $3 trillion as a regulatory crackdown and weakness in the dollar helped staunch capital outflows. Reserves rose $6.92 billion during February to total $3.005 trillion, their first increase since June 2016, compared with a drop of $12.3 billion in January, when reserves fellRead more

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 174 basis points to 6.8632 against the US dollar Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, China's News Agency (Xinhua)Read more

Chinese Yuan Strengthens to 6.8806 against USD Tuesday

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.Read more

Chinese Yuan Weakens to 6.8898 Against USD Monday

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 79 basis points to 6.8898 against the US dollar Monday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, China's News Agency (Xinhua) reported. Read more

China's Yuan Strengthens to 6.8710 against US Dollar

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 139 basis points to 6.8710 against the US dollar Thursday, (Xinhua) reported citing the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day. The central parity rateRead more

China's Yuan Weakens to 6.8849 against US Dollar Wednesday

Beijing - QNA

The central parity rate of the Chinese currency the renminbi, or the yuan, weakened 245 basis points to 6.8849 against the US dollar Wednesday, according to China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day. The central parity rateRead more

China's Yuan Strengthens to 6.8604 against US Dollar Tuesday

Beijing - QNA

The central parity rate of the Chinese currency the renminbi, or the yuan, strengthened 2 basis points to 6.8604 against the US dollar Tuesday, according to the China Foreign Exchange Trade System (CFETS). In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day. TheRead more

Chinese Yuan Weakens to 6.8606 against USD Monday

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 50 basis points to 6.8606 against the US dollar Monday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, state news agency Xinhua reported. Read more

Chinese Yuan Weakens to 6.8596 against USD Wednesday

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 265 basis points to 6.8596 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, state news agency (Xinhua)Read more

Chinese Yuan Strengthens to 6.8331 against USD Tuesday

Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 241 basis points to 6.8331 against the US dollar Tuesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, Chinese news agency (Xinhua) reported. Read more