Markets

China's yuan hits record high against US dollar Friday

(Xinhua)
Updated: 2010-09-17 11:42

Stem trade disputes, China urges US Related readings:  Yuan rises to new record against US dollar Thursday Yuan rises to record high against US dollar Wednesday

BEIJING - The central parity rate of the yuan, China's currency Renminbi (RMB), gained only by 9 basis points Friday but still struck a new record high at 6.7172 per US dollar, according to the data released by the China Foreign Exchange Trading System.

Friday's yuan central parity against US dollar beat previous record of6.7181 per US dollar on Thursday, according to the data released by the China Foreign Exchange Trading System.

China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.