The Chinese currency Renminbi, or the yuan, Thursday strengthened against the U.S. Dollar (USD) as the central parity rate of the yuan was set at 6.5048 per USD.
The yuan strengthened by 26 basis points from the previous trading day. It hit a record new high of 6.4948 per USD on May 11.
On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.
The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
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The yuan strengthened by 26 basis points from the previous trading day. It hit a record new high of 6.4948 per USD on May 11.
On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.
The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
Weekly review
May 12
No winners in U.S. hi-tech export controls
May 12
China should view livelihood issues from strategic perspective
May 11
Syria will not be another Libya
May 06
Beijing-Shanghai high-speed railway to launch 10-day trial run
May 14
The week in pictures
May 11
2000-year-old wine unearthed in Henan province
May 11
Scientist: China plans to build lunar research base
May 09
Apple employee, customer reach settlement after Beijing iPad brawl
May 12
Wenchuan Reconstruction: 'Chinese miracle' impresses world
May 12
No winners in U.S. hi-tech export controls
