China’s yuan weakens against USD Tuesday

Posted on May 17, 2011 in AllEconomic News

The Chinese currency Renminbi, or the yuan, Tuesday weakened against the U.S. Dollar (USD) as the central parity rate of the yuan was set at 6.5108 per USD. The yuan weakened by 19 basis points from the previous trading day. It hit a record new high of 6.4948 per USD on last Wednesday. On China’s [...]

Dollar falls on slower economic growth prospect, eurozone debt concern

Posted on May 17, 2011 in AllEconomic News

The U.S. dollar fell against major currencies in late New York trading on Monday as economists lowered U.S. economic growth projections and European finance ministers met to discuss Portugal and Greece debt issues. Economists cut projections for 2011 U.S. economic growth from 3. 3 percent to 2.8 percent, but maintained its forecast for moderate economic [...]

China’s yuan weakens against USD Monday

Posted on May 16, 2011 in AllEconomic News

The Chinese currency Renminbi, or the yuan, Monday weakened against the U.S. Dollar (USD) as the central parity rate of the yuan was set at 6.5089 per USD. The yuan weakened by 72 basis points from the previous trading day. It hit a record new high of 6.4948 per USD on Wednesday. On China’s foreign [...]

China’s yuan hits new high against USD at 6.4948 Wednesday

Posted on May 11, 2011 in AllEconomic News

The Chinese currency Renminbi (RMB), or the yuan, Wednesday gained two basis points from the previous trading day to hit a record new high of 6.4948 per U.S. dollar. This marks a third consecutive day that the yuan has risen to new high. On China’s foreign exchange spot market, the yuan can rise or fall [...]

China’s yuan at 6.4950 a dollar, appreciation quickening

Posted on May 10, 2011 in AllEconomic News

China’s central bank set the yuan’s official exchange rate at a new high of 6.4950 per dollar Tuesday, meaning the currency has risen more than 5 percent in nominal value, or more than 10 percent if China’s high inflation figures are taken into account. The symbolic 6.50 ratio was broken on April 29, when the [...]

Stronger yuan mainly due to US dollar depreciation

Posted on May 10, 2011 in AllEconomic News

The appreciation of the yuan, China’s currency, against the US dollar has mainly occurred because of a weaker dollar, experts said, warning that an influx of “hot money” could follow. The value of China’s yuan hit a new high against the US dollar on Monday as the central bank fixed the central parity rate at [...]

China’s yuan hits new high against USD

Posted on May 9, 2011 in AllEconomic News

The Chinese currency renminbi (RMB), or the yuan, Monday gained 15 basis points from the previous trading day to hit a new high of 6.4988 per US dollar. The yuan first broke the symbolic 6.50 ratio against the US dollar on April 29, when it was set at 6.4990. The yuan exchange rate has appreciated [...]

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