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Tag Archives: Chinese yuan

Dollar stable in Asia ahead of Fed meeting

TOKYO: The US dollar was steady in Asia on Wednesday as traders eye the outcome of a Federal Reserve policy meeting later in the day. The greenback fetched 108.12 yen in afternoon Tokyo trade against 108.16 yen in New York. The euro was nearly flat at $1.2737 from $1.2733 and 137.73 yen against 137.74 yen. Currency markets were stuck in ... Read More »

Chinese yuan gains strength against USD

BEIJING: Chinese yuan on Tuesday rose by 15 basis points to 6.147 against the US dollar in its central parity rate. According to the China Foreign Exchange Trading System, the yuan is permitted to to increase or decrease by two percent from the central parity rate each trading day. The central parity rate of the Chinese currency against the American ... Read More »