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Chinese currency jump to a new record high against the U.S. dollar

rocky
rocky
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Chinese currency jump to a new record high against the U.S. dollar  Empty Chinese currency jump to a new record high against the U.S. dollar

Post by rocky on Wed 05 Jun 2013, 4:06 am

Chinese currency jump to a new record high against the U.S. dollar

06/04/2013 08:37



Jump rate of the Chinese currency (RMB) against the U.S. dollar to a new record high level in the June 4, and the yuan exchange rate reached the highest level since the Chinese authorities allowed the currency to appreciate in accordance with certain controls in 2005. And select the People's Bank of China (the central bank), the average scope of the yuan's exchange rate at 6.1735 against the dollar, up from 6.1317 in the previous session. This is the highest level for the price of the yuan against the dollar since the Chinese authorities have taken a historic step in 2005 that allowed the currency to appreciate.



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