Chinese yuan strengthens to 6.9718 against USD Wednesday

10:09, July 22, 2020

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  Chinese yuan strengthens to 6.9895 against USD Tuesday

  BEIJING, July 28 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 134 pips to 6.9895 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.File photo: VCGIn Chinas 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.

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  Chinese yuan weakens to 6.9938 against USD Friday

  File photo: VCGBEIJING, July 24 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 17 pips to 6.9938 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.In Chinas 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.

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  Chinese shares close higher Wednesday

  File photo: VCGBEIJING, July 22 (Xinhua) -- Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.37 percent, at 3,333.16 points.The Shenzhen Component Index closed 0.89 percent higher at 13,657.03 points.