Yuan weakens to ¥6.8987 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 256 pips to ¥6.8987 against the dollar on Thursday.
The China Foreign Exchange Trade System disclosed this on Thursday.
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
I inherited over N1 billion debt on assumption of office: ESUT VC
He noted that digitisation of the institution would help to improve the welfare of students and members of staff.
Opinion
Hadiza and the Toes of the Nigerian Big Man
Hadiza’s trial was an idiot’s tale, the government replaced her on the advice of the minister, whose main contribution was being Buhari’s ATM eight years ago.
World
North Korea’s first spy satellite ready for launch: Kim Jong Un
Mr Kim revealed that “the military reconnaissance satellite No. 1” had already been developed and directed officials to expedite preparations for its launch.
States
Eid-el-Fitr: FRSC deploys personnel, ambulances in Ondo
According to him, the personnel would man all accident-prone locations on highways in the state.
States
Anambra has highest number of children with TB: Official
Anambra has the highest burden of TB drug resistance cases and childhood TB contribution in the South-East and Nigeria.
States
15-month-old baby shot dead in Imo
A 15-month-old baby has been shot dead in Imo via a stray bullet allegedly by the NSCDC.
