Business
Chinese Yuan weakens to 6.8835 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 83 pips to 6.8835 against the dollar on Monday, 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.
NAN
-
Latest2 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Featured3 days agoObasanjo faults Tinubu’s economic reforms, calls them necessary but poorly designed
-
Business3 days agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Latest6 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Featured3 days agoWike dismisses political speculation over meeting with APC Chairman Yilwatda
-
Latest2 days agoWike says Makinde’s presidential ambition dead on arrival
-
Comments and Issues3 days agoPolitical Parties Primaries: Consensus or Coronation?
-
Business3 days agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity