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China's yuan strengthens to 6.6593 per USD Friday

China's yuan strengthens to 6.6593 per USD Friday

Write: Henleigh [2011-05-20]
Tags: the yuan

The value of yuan strengthened as the central parity rate of Renminbi, China's currency, was set at 6.6593 per U.S. dollar Friday, compared with Thursday's 6.6635, according to the data released by the China Foreign Exchange Trading System.

At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 percent each way of the central parity rate.