News
Yuan weakens to 7. 1112 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 85 pips to 7.1112 against the dollar on Tuesday.
This is according to the China Foreign Exchange Trade System.
ALSO READ: Naira falls below N1,600 as dollar strengthens amid renewed pressure
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.
-
Football5 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business5 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Football3 days agoWAFCON 2026: Super Falcons battle South Africa for World Cup play-off spot
-
Latest5 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup
-
Latest3 days agoOsun 2026: Oyinlola group backs Oyebamiji, faults Adeleke over exclusion
-
Business1 day agoBigi, Fearless take campus engagement to new level, reach 20 tertiary institutions
-
Featured5 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest5 days agoNFF denies calling for Infantino’s resignation