Foreign

BREAKING: Chinese Yuan weakens to 7.1104 against dollar

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 86 pips to 7.1104 against the dollar on Friday, according to the China Foreign Exchange Trade System.

 

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.

 

 

 

 

READ ALSO... Trump: Frustrated with UK Prime minister
Akanji Philip

Akanji Philip has been working as a reporter with VOICE AIR MEDIA, both onsite at the head office in Odi-Olowo, Osogbo, and remotely since 2021. He has covered events at notable political venues, involving prominent figures such as former Osun Governor Adegboyega Oyetola, current Osun State Governor Senator Isiaka Adetunji Adeleke, former Vice President Professor Yemi Osinbajo, the late Ondo Governor Rotimi Akeredolu, Oyo State Governor Seyi Makinde, and various other representatives and lawmakers. In addition, he has represented the company at various press conferences at police stations and has reported on occasions featuring entertainers and actors, such as Kola Oyewo during Oba-Ile Day in Osun State, among others. 📞 +2349058501092, +2348137827714 ✉️ akanjiphilips100@gmail.com

Leave a Comment
Share
Published by
Akanji Philip
Tags: Chinese Yuan
2 years ago

Recent Posts

Bandits Reject Ransom, Kill kidnapped Local Govt Director, Councillor

Bandits that reportedly abducted the Director of Planning with Talata Mafara Local Government Area of…

13 hours ago

Osun Amotekun Decorates Senior Officers In Major Rank Promotion Exercise

In a significant milestone aimed at strengthening operational efficiency and leadership structure within the Osun…

16 hours ago

OSUN 2026: Why Senator Iyiola Omisore Should Weigh His Options, By Oluwaseyi Adeniyi (ASP)

By Oluwaseyi Adeniyi (ASP) When a Landlord is beginning to tell a Tenant, "Don't you…

21 hours ago

How a Hit-and-Run Driver Killed Two Police officers in Osun

News Update THE Osun State Police Command has launched a manhunt for a driver involved…

21 hours ago

Full Text: Tinubu marks 3 years in office, defends subsidy removal, other

News Update STATEMENT BY PRESIDENT BOLA AHMED TINUBU (GCFR) ON THE THIRD ANNIVERSARY OF HIS…

1 day ago

OOPA Hails Yusuf Idowu’s Promotion, Cites Boost for Community Security in Osun

THE Osun Online Publishers Association has congratulated Yusuf Idowu Abass following his promotion to the…

1 day ago