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China's yuan advances to 6.6252 per USD Tuesday

China's yuan advances to 6.6252 per USD Tuesday

Write: Dag [2011-05-20]
Tags: the yuan
The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6252 per U.S. dollar Tuesday, compared with Monday's 6.6305, 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.