Yuan ends at 7.7217 to US dollar vs 7.7260 in OTC trade |
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Fri, 13 Apr 2007 11:15
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BEIJING (XFN-ASIA) - The yuan finished at 7.7217 to the dollar on the over-the-counter (OTC) market, compared with a close of 7.7260 yesterday.On the exchange-traded market, the yuan closed at 7.7211, a new record high and up from 7.7253 yesterday, a Guangzhou-based trader with a foreign bank said.The yuan traded between 7.7249-7.7210 in the OTC market and 7.7239-7.7210 in the exchange-traded market.The central bank set the yuan central parity rate at 7.7244 to the dollar today, compared with yesterday's 7.7264.The People's Bank of China allows a trading band of 0.3 pct on either side of the midpoint.derek.jiang@xfn.com
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Yuan ends at record high of 7.7266 to US dollar vs 7.7340 in OTC trade 