Advertisements
//
you're reading...
China Daily Mail


China Daily Mail

Beijing set the reference rate for the yuan at a record high yesterday, one week ahead of an economic summit between the nation’s top policymakers and their United States counterparts.

The People’s Bank of China put the central parity rate at 6.2829 per US dollar yesterday, 0.15 per cent higher than Wednesday’s 6.2923 per dollar, and the third straight increase.

On the China Foreign Exchange Trade System, the yuan rose as much as 0.09 per cent in intraday trading before slipping 0.03 per cent from a day earlier to end at 6.3060.

The central bank sets the reference rate each day and the value of the yuan can rise or fall as much as 1 per cent during the intraday day trading. The daily fixing, known as central parity rate, normally reflects Beijing’s attitude towards the value of the currency after China lifted a peg to the US dollar in…

View original post 355 more words

Advertisements

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisements

Get An Australian Diploma

Learn How To Sell Real Estate To Chinese Buyers

Learn How To Sell Real Estate To Chinese Buyers

writer@craighill.net

Join 1,678 other followers

China Daily Mail Latest Headlines On Twitter

%d bloggers like this: