China's yuan advances against USD Wednesday

13:31, July 20, 2011      

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The Chinese currency Renminbi, or the yuan, gained 92 basis points to 6.4592 per U.S. dollar on Wednesday, 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.

Source:Xinhua
 
 
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