Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Yuan breaks 7.18 mark against US dollar
Adjust font size:  ZoomIn ZoomOut

China's currency, the yuan, climbed 127 basis points to a central parity of 7.1763 yuan to one U.S. dollar on Friday, breaking the 7.18 mark for the first time.

It was the 14th new high against the dollar this year.

The yuan, also known as the Renminbi, set a new record four trading days in a row in mid-January. On Jan. 31, it broke the 7.19 mark to a central parity of 7.1853 yuan to one dollar, following a bold half-percentage point rate cut by U.S. Federal Reserve.

On Thursday, Ben Bernanke, chairman of the U.S. Federal Reserve, pledged to tackle the credit crunch that was threatening America's growth by acting "as needed" to bolster its flagging economy.

Market observers believed Bernanke's words signaled new interest rate cut, which helped pushing the U.S. currency further down.

The Chinese currency has appreciated against the dollar by about 12 percent since a new currency regime was imposed in July 2005 to unpeg it from the dollar.

It climbed 6.9 percent against the dollar last year.

Observers forecast the yuan would appreciate by 7 to 10 percent against the U.S. dollar this year.

On Thursday, the yuan lost 346 basis points against the European currency to 10.5063 yuan to one euro.

(Xinhua News Agency February 15, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- 'Mr Yen' believes yuan will soar
- Rising yuan stays strong against US dollar
- Yuan hits new high against US dollar
- China set to hit the brakes on rising yuan
- Yuan hits new high against US dollar
Most Viewed >>
- More oil futures products needed

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 国产一在线精品一区在线观看| 国内精品久久久久久久影视麻豆 | 焰灵姬下面夹得好紧| 国产精品妇女一二三区| 中文字幕第38页永久乱码| 欧美成人观看视频在线| 人妻中文字幕在线网站| 香港三级欧美国产精品| 国内精品18videosex性欧美| wwwxxx亚洲| 日本日本熟妇中文在线视频| 亚洲精品午夜国产va久久成人| 色国产精品一区在线观看| 国产精品无码不卡一区二区三区| aaa毛片免费观看| 日本一区二区三区日本免费| 亚洲AV无码一区二区三区在线| 看看黄色一级片| 国产无套在线播放| h视频在线免费观看| 日韩欧美理论片| 亚洲欧美日韩三级| 爆乳美女脱内衣18禁裸露网站| 免费在线观看你懂的| 香蕉久久久久久AV成人| 国产成人精品动图| 91亚洲精品第一综合不卡播放| 在车上狠狠的吸她的奶| 中文字幕亚洲综合久久| 极品艳短篇集500丝袜txt| 亚洲午夜无码久久久久小说| 秀婷和程仪全集| 国产一区二区影院| 里番牝教师~淫辱yy608| 国产在线jyzzjyzz免费麻豆| 91香蕉视频直播| 图片区小说校园综合| 中文字幕日韩精品一区二区三区| 日本三级香港三级国产三级| 久久国产精品偷| 欧美一级爽快片淫片高清在线观看 |