Chinese Yuan hits 3-Month low over Dollar rally
Chinese Yuan hits 3-Month low over Dollar rally
Beijing - QNA
China's central bank has set the central parity rate of the yuan at its lowest point since early February.
The central parity rate of yuan against US dollar weakened 315 basis points to 6.5531 on Thursday, according to the China Foreign Exchange Trading System.
The US dollar rallied against most major currencies as Federal Reserve minutes showed the US central bank may raise interest rates earlier than expected, according to China's (Xinhua) News Agency.
According to the minutes of the Fed's April meeting released on Wednesday, officials are open to an interest rate raise as early as June, if the economy continues to improve.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
GMT 11:18 2017 Thursday ,07 September
Government Treasury Bills issue 1668 oversubscribed by 109%GMT 14:55 2017 Saturday ,11 March
ECB Keeps Interest Rate at Record LowGMT 11:35 2017 Thursday ,02 March
Government Treasury Bills issue 1641 subscribed by 137%GMT 03:43 2016 Wednesday ,21 September
US stocks open higher as Fed meeting beginsGMT 04:32 2016 Thursday ,01 September
Nigeria lifts foreign exchange market ban on banks
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 10:16 2016 Wednesday ,23 March
cartoon five
GMT 14:23 2014 Saturday ,29 November
3 injured in grenade attack in Indian-controlled Kashmir
GMT 15:34 2013 Monday ,02 September
Modern fabric sofa sets
GMT 13:49 2015 Monday ,29 June
Key driver of human aging, reversing agingGMT 07:07 2012 Thursday ,19 January
Kodak files for bankruptcy
GMT 03:03 2016 Saturday ,03 December
Action star Donnie Yen wants to be ‘good example’
GMT 14:16 2016 Monday ,26 December
Former sports official sentenced to 10 years for graft
GMT 08:51 2017 Sunday ,27 August
SCW launches competition
GMT 19:41 2016 Thursday ,22 September
Attacking doctor now a major crime
GMT 13:25 2017 Monday ,12 June
Civil Defence participates in major events management programme in London
GMT 07:17 2017 Thursday ,15 June
Emirates Red Crescent distributes 2,000 food baskets in YemenGMT 17:33 2012 Monday ,28 May
Mariinsky Theatre opera parodies Putin
GMT 06:22 2015 Wednesday ,25 February
Tesla S tops US best car list
GMT 19:34 2016 Tuesday ,27 December
Is the Russian phoenix really rising
GMT 02:05 2015 Wednesday ,23 September
Caixin: China manufacturing gauge falls to lowest in more than 6 years
GMT 10:55 2017 Saturday ,27 May
First day of Ramadan in UAE to be relatively humid
GMT 11:10 2018 Tuesday ,02 January
Late Ragnar Klavan goal seals Liverpool win over BurnleyGMT 19:08 2011 Tuesday ,01 November
Global obesity on the rise
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor