Chinese yuan strengthens to 7.1733 against USD Tuesday

Xinhua
19 Sep 2023, 13:05 GMT+10

BEIJING, Sept. 19 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 3 pips to 7.1733 against the U.S. dollar Tuesday, 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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.

More Information

21 ℃

Fair in Tehran

Business

Section

Global aluminum output at record high in August with demand from China

LONDON, UK: In August, global production of primary aluminum hit an all-time high, with production running at an annualized rate ...

U.S. stocks rise as dollar loses steam

NEW YORK, New York - Easing pressure on U.S. Treasury yields boost stocks on American markets Thursday. Gains however were ...

Ford puts Michigan EV battery plant work on hold due to union issues

DEARBORN, Michigan: Due to concerns about its ability to operate competitively while it is locked in broader union contract negotiations, ...

Air Canada to acquire 18 787 Dreamliners from Boeing

OTTAWA, Canada: As part of its plan to capitalize on strong travel demand and deploy fuel-efficient airplanes, this week, Air ...

Adidas launches newest running shoes costing $500

LONDON, UK: This week, Adidas' newest running shoes, the Adizero Adios Pro Evo 1, went on sale for US$500. Worn ...

U.S. stocks struggle, techs however eke out minor gain

NEW YORK, New York - U.S. stocks remained on a slippery slope on Wednesday as interest rates continued to hover ...

Middle East

Section