China’s Yuan Strengthens to 6.1589 against USD

Beijing, April 24 (QNA) – The Chinese currency renminbi, or yuan,
strengthened 10 basis points to 6.1589 against the US dollar on
Thursday, according to the China Foreign Exchange Trading System.

In China’s foreign exchange spot market, the yuan is allowed to rise
or fall by 2% from the central parity rate each trading day,
according to China’s (Xinhua) News Agency.

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

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