The Central Parity Of RMB Against The US Dollar Dropped Slightly.
From China
The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in September 19, 2011 was RMB 1 yuan to RMB 6.3848 yuan, 1 euro to RMB 8.7395 yuan, 100 yen to RMB 8.2968 yuan, 1 Hong Kong dollar to RMB 0.81924 yuan, 1 pounds to RMB 10.0318 yuan, RMB 1 yuan to 1 ringgit, RMB yuan to Russia ruble.
On the previous day, the exchange rate of RMB against the US dollar
Moodie, an international rating agency, said at the weekend that Portugal could experience a double dip recession. German Chancellor Merkel reiterated his stance against eurozone common bonds. Investors' concern over the European debt crisis has increased, pushing the flow of hedge funds to the US dollar, and the central parity of the RMB against the US dollar has receded.
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