Chinese Yuan Weakens

Quick Summary:

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 68 pips to 7.2073 against the U.S.dollar Thursday, according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

SGX Opens Lower As STI Slips 0.

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Article Details

Author / Journalist: Editor

Category: InvestingBusiness

Markets: MalaysiaChina

Topics: Yuan Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 02:16:28 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 151 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28484849

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About Business Today

Main Topics: InvestingBusiness

Official Website: businesstoday.com.my

Update Frequency: 17 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 9 hours ago

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Publisher ID: #73

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