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Yuan fixed at 6.49 against greenback

Business | Jan 12, 2018 10:57
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 215 basis points to 6.4932 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System, Xinhua reports.
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.


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