Saturday, January 29, 2011

Central parity of 6.5876 yuan against the U.S. dollar high three consecutive trading days

 From the China Foreign Exchange Trade Center's latest data show that on Jan. 27 reported central parity rate of RMB 6.5876 to the dollar once again rewrite the record high since the exchange rate reform.

PBC authorized the China Foreign Exchange Trade Center, January 27, 2011 RMB exchange rate for the interbank foreign exchange market: 1 U.S. dollar against 6.5876 yuan, 1 euro for 9.0316 yuan, 100 yen of 8.0239 yuan, a dollar of 0.84636 yuan, 1 pound of 10.4937 yuan, 1 yuan of 0.46335 ringgit, one yuan for 4.5096 Russian ruble.

Do panic! The main force is still diving? Stuck with the stock is likely to have saved! March the stock market changes are likely to occur? Tug of war behind the hidden financial trends!
The previous session, the RMB against the U.S. dollar central parity rate reported 6.5878.

Barack Obama on Wednesday State of the Union, once the market risk appetite has improved. Federal Reserve kept interest rates on Thursday morning and the second round of the quantitative easing program unchanged, in line with market expectations. In this context, the international foreign exchange markets remain weak U.S. dollar adjustment, while central parity of RMB against the U.S. dollar hit a new high for a third day.

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