Chinese Yuan Strengthens against USD Monday
Chinese yuan & US Dollar
Beijing - QNA
The central parity rate of the Chinese yuan strengthened sharply against the US dollar Monday, following its two-day downward performance.
The central parity rate of the Chinese currency, the renminbi or the yuan, strengthened 217 basis points to 6.7641 against the US dollar Monday, according to the China Foreign Exchange Trade System, firming from 6.7858 on Friday, a six-year low.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day.
The US dollar slipped against major currencies after the US Federal Bureau of Investigation's (FBI) decision to review new e-mails related to the investigation into Democratic presidential candidate Hillary Clinton's emails Friday.
According to China's news agency (Xinhua), many experts believed the yuan will maintain overall stability against the US dollar and the chance for a sharp depreciation is slim, backed by the nation's stable economic growth, ample foreign exchange reserves and sound fiscal condition.
GMT 20:10 2016 Tuesday ,25 October
Chinese Yuan Continues to Weaken against USDGMT 20:31 2016 Monday ,24 October
Chinese Yuan Weakens to 6-Year Low against USDGMT 16:56 2016 Monday ,30 May
Chinese currency weakens to 5-Year low
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 05:14 2024 Wednesday ,07 February
Sophisticated Classic Dining Room Design IdeasGMT 12:19 2011 Monday ,11 July
Tamer Hosni accused of stealing 3 songs
GMT 03:34 2018 Saturday ,20 January
Putin takes icy plunge as Orthodox believers mark Epiphany
GMT 19:13 2017 Tuesday ,07 November
Empower teachers to develop future generations
GMT 08:08 2017 Thursday ,31 August
Students’ training programme concludes
GMT 04:38 2017 Saturday ,18 March
Selena Gomez reveals Instagram
GMT 11:29 2017 Wednesday ,13 December
Fashion designer reveals her new collection
GMT 09:02 2017 Sunday ,29 October
No Neymar, no problem as Cavani sends PSG seven points clear
GMT 13:06 2017 Wednesday ,15 February
El Nino gobbled up California's beaches
GMT 10:36 2017 Sunday ,26 February
Five reasons why talking about money can enhance relationship
GMT 17:11 2017 Thursday ,23 February
Cabinet approves AfDB grant to qualify slumsGMT 00:40 2012 Sunday ,08 July
Liberia: No policy for pregnant school girlsGMT 11:07 2012 Wednesday ,14 March
US volcano revealed to be \'potentially active\'
GMT 10:39 2017 Sunday ,23 July
Jordanian, UAE foreign ministers urge end to Al-Aqsa tensions
GMT 09:48 2017 Wednesday ,31 May
Mohamed bin Zayed receives Ramadan well-wishers
GMT 06:04 2016 Saturday ,31 December
Nasr lays down foundation stone of sewage project in New Valley
GMT 14:23 2015 Sunday ,01 February
Iran paving way for broader presence of Iranian firms in Russian market
GMT 15:37 2017 Wednesday ,03 May
China reiterates opposition to THAAD anti-missile system in S.Korea
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor