China's yuan retreats to 6.2858 against USD Monday
Updated: 2012-05-07 10:55
(Xinhua)
|
|||||||||||
BEIJING - The Chinese currency renminbi, or the yuan, lost 137 basis points to 6.2858 against the US dollar on Monday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day.
Related Stories
China's yuan strengthens to 6.2787 against USD 2012-04-27 10:31
US' fixation on renminbi's exchange rate 2012-05-02 10:34
Renminbi's global use growing 2012-04-21 13:23
London financial center eyes big slice of offshore RMB cake 2012-04-07 07:43
Renminbi rate near 'equilibrium' 2012-03-29 07:49
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |