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Yuan ends at 7.7340 to US dollar vs 7.7302 in OTC trade


Published :
Mon, 02 Apr 2007 11:01
By : Agencies
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BEIJING (XFN-ASIA) - The yuan finished at 7.7340 to the dollar on the over-the-counter (OTC) market, compared with last Friday's close of 7.7302.

On the exchange-traded market, the yuan finished at 7.7306, down from 7.7288 at the end of the previous trading session, a Guangzhou-based trader with a foreign bank said.

The yuan traded between 7.7350 - 7.7270 in the OTC market and 7.7329 - 7.7267 in the exchange-traded market.

The central bank set the yuan central parity at 7.7306 to the dollar today, compared with last Friday's 7.7342.

The People's Bank of China currently allows a trading band of 0.3 pct on either side of the midpoint.

jianbo.wu@xfn.com




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