Chinese yuan strengthens to 7.1691 against USD Thursday-Xinhua

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    2. Chinese yuan strengthens to 7.1691 against USD Thursday

      Source: Xinhua

      Editor: huaxia

      2025-02-06 10:06:45

      BEIJING, Feb. 6 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 2 pips to 7.1691 against the U.S. dollar Thursday, 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 percent from the central parity rate each trading day.

      The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.