BEIJING, Oct. 20 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 24 pips to 7.0973 against the U.S. dollar Monday, according to the China Foreign Exchange ...
: the previous day’s closing price and the ‘theoretical renminbi exchange rate against the US dollar that will keep the index of a currency basket unchanged over the past 24 hours’. So what is this ...
RMB exhibited a strong performance by gaining 3.35% against the US dollar since mid-December. Central banks will attempt to slow down USD/RMB briefly given the stronger Chinese currency. China eyes a ...
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi Read more at ...
The trend of the Chinese renminbi (RMB) rising against the US dollar reached a three-year high in May 2021. This signalled an end to the currency's depreciation in response to the Trump administration ...
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