you're reading...
China Daily Mail

China News

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

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


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 )

Google photo

You are commenting using your Google 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 )

Connecting to %s


Join 1,672 other followers

An archive of all my old posts

Follow me on Twitter

  • RT @AustDems: "...the treasurer even believes that because some Australians have saved so much of the money he gave them this year, there i… 19 minutes ago
  • RT @AustDems: "Asked squarely to publicly repudiate Kelly’s crap, Morrison plays the “free speech” card which the Coalition uses casually t… 8 hours ago
  • RT @sallymcmanus: Otherwise known as privatisation 20 hours ago
  • RT @AustDems: "An aggressive US climate policy rollout could provide a much needed dose of reality to the climate discourse in Canberra. It… 21 hours ago
  • RT @AustDems: "More than half of the [banking royal commission] recommendations...have either been abandoned or are yet to be fully impleme… 23 hours ago

I also have a news site about China:

%d bloggers like this: