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    MarketForces Africa » Foreign » Yuan Strengthens 6.7808 Against Dollar

    Yuan Strengthens 6.7808 Against Dollar

    Olu AnisereBy Olu AnisereAugust 20, 2026 Foreign No Comments1 Min Read
    Yuan Strengthens 6.7808 Against Dollar
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    Yuan Strengthens 6.7808 Against Dollar

    The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 46 pips to 6.7808 against the dollar on Thursday.

    This is 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. #Yuan Strengthens 6.7808 Against Dollar# Chinese Yuan Weakens to 7.2133 Against Dollar

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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