Metals News
China's Yuan Strengthens to 6.3138 against USD Friday
data analysis
11:23AM
Source:SMM

BEIJING, Jan. 20 (Xinhua) -- The Chinese currency Renminbi, or the yuan, strengthened 35 basis points to 6.3138 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 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 before the opening of the market each business day.

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China foreign exchange
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