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China's yuan strengthens to 6.6557 per USD Thursday

China's yuan strengthens to 6.6557 per USD Thursday

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

The central parity rate of renminbi, or China's currency yuan, strengthens to 6.6557 per U.S. dollar Thursday from Wednesday's 6.6589, 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.