Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    APC Dismisses Alleged Plot to Assassinate Atiku

    October 20, 2026

    Industrial Stocks Lead NGX Relief Rally, Investors Gain N411bn

    October 20, 2026

    Bankers Urge Oil Licence Holders to Invest Equity Before Seeking Loans

    October 20, 2026
    Facebook X (Twitter) Instagram
    Trending
    • APC Dismisses Alleged Plot to Assassinate Atiku
    • Industrial Stocks Lead NGX Relief Rally, Investors Gain N411bn
    • Bankers Urge Oil Licence Holders to Invest Equity Before Seeking Loans
    • NCC Moves to Expand Phone Number Fraud Checks Across Sectors
    • NUPRC Cautions Oil Licence Holders Over Dormant Assets
    • Moniepoint’s N1trn Small Businesses Credit Earns Its Fintech Award
    • Trump Accuses Ukraine of Unreciprocated Support
    • NVDAB Declines as Nvidia Stock Faces Sell Pressure
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, October 20
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Chinese Yuan Weakens to 7.1063 Against U.S. Dollar

    Chinese Yuan Weakens to 7.1063 Against U.S. Dollar

    Julius AlagbeBy Julius AlagbeFebruary 8, 2024 News No Comments1 Min Read
    Chinese Yuan Weakens to 7.1063 Against U.S. Dollar
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Chinese Yuan Weakens to 7.1063 Against U.S. Dollar

    The central parity rate of the Chinese currency renminbi, or the yuan, weakened 14 pips to 7.1063 against the dollar on Thursday, according to the China Foreign Exchange Trade System.

    In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent

    from the central parity rate each trading day.The central parity rate of the yuan against the dollar is based on a weighted average of prices

    offered by market makers before the opening of the interbank market each business day. #Chinese Yuan Weakens to 7.1063 Against U.S. Dollar#

    Nigeria, World Bank to Strengthen Bilateral Ties- Edun

    Chinese Yuan
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    APC Dismisses Alleged Plot to Assassinate Atiku

    Industrial Stocks Lead NGX Relief Rally, Investors Gain N411bn

    Bankers Urge Oil Licence Holders to Invest Equity Before Seeking Loans

    NCC Moves to Expand Phone Number Fraud Checks Across Sectors

    NUPRC Cautions Oil Licence Holders Over Dormant Assets

    Trump Accuses Ukraine of Unreciprocated Support

    Add A Comment

    Comments are closed.

    Editors Picks

    APC Dismisses Alleged Plot to Assassinate Atiku

    October 20, 2026

    Industrial Stocks Lead NGX Relief Rally, Investors Gain N411bn

    October 20, 2026

    Bankers Urge Oil Licence Holders to Invest Equity Before Seeking Loans

    October 20, 2026

    NCC Moves to Expand Phone Number Fraud Checks Across Sectors

    October 20, 2026

    NUPRC Cautions Oil Licence Holders Over Dormant Assets

    October 20, 2026
    Latest Posts

    APC Dismisses Alleged Plot to Assassinate Atiku

    October 20, 2026

    Industrial Stocks Lead NGX Relief Rally, Investors Gain N411bn

    October 20, 2026

    Bankers Urge Oil Licence Holders to Invest Equity Before Seeking Loans

    October 20, 2026

    NCC Moves to Expand Phone Number Fraud Checks Across Sectors

    October 20, 2026

    NUPRC Cautions Oil Licence Holders Over Dormant Assets

    October 20, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.