Yuan approaches new record in the year's last day of trade

Note: This section contains information in English only.
Source: China.org.cn

The Yuan added 148 basis points against the USD in today's trade, approaching a new record of 6.3009 versus the US Dollar. Yearly Renminbi's appreciation against the USD achieved 4.86%, reported the China Foreign Exchange Trading System. The Yuan is likely to experience larger fluctuations against the USD in 2012, said Zhao Qingming, researcher from China Construction Bank.

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Fri, 30 Dec 2011 09:12:17 GMT

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