Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    NVDAB Dips Amidst Nvidia CEO Jensen Huang Corporate Scandal

    November 9, 2026

    Bitcoin Price Dips Below $75k as Nvidia Scandal Weighs on Crypto

    November 9, 2026

    Wall Street, European Markets Rebound Amidst Nvidia CEO Probe

    November 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • NVDAB Dips Amidst Nvidia CEO Jensen Huang Corporate Scandal
    • Bitcoin Price Dips Below $75k as Nvidia Scandal Weighs on Crypto
    • Wall Street, European Markets Rebound Amidst Nvidia CEO Probe
    • FG Approves $2bn East–West Super Grid to Boost Power Transmission
    • Shettima Tasks African Leaders on Industrialisation, Regional Trade Cooperation 
    • Naira Drops to N1,349 as Demand for Foreign Payments Rises
    • Dangote, Fidelity Bank Rally Add N2.3trn to Stock Market Cap
    • Rand Gains Against Dollar, Euro, Pound as Oil Prices Ease
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, November 10
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Foreign » Yuan Strengthens 7. 1049 Against Dollar

    Yuan Strengthens 7. 1049 Against Dollar

    Julius AlagbeBy Julius AlagbeFebruary 7, 2024Updated:October 11, 2025 Foreign No Comments1 Min Read
    Yuan Strengthens 7. 1049 Against Dollar
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Yuan Strengthens 7. 1049 Against Dollar

    The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 33 pips to 7.1049 against the dollar on Wednesday, 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 7. 1049 Against Dollar#

    Selloffs Provoke Sharp Increase in Treasury Bills Yields

    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

    Rand Gains Against Dollar, Euro, Pound as Oil Prices Ease

    2027 Could be Hottest Year on Record, UN Warns

    Cardano Drops to $0.18 as Investors Rotate Out of Altcoins

    U.S. Will Soon Decide on Possible Resumption of Iran War – Trump

    UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s

    Meta Fined $25bn for Misleading the Public on Facebook Data

    Add A Comment

    Comments are closed.

    Editors Picks

    NVDAB Dips Amidst Nvidia CEO Jensen Huang Corporate Scandal

    November 9, 2026

    Bitcoin Price Dips Below $75k as Nvidia Scandal Weighs on Crypto

    November 9, 2026

    Wall Street, European Markets Rebound Amidst Nvidia CEO Probe

    November 9, 2026

    FG Approves $2bn East–West Super Grid to Boost Power Transmission

    November 9, 2026

    Shettima Tasks African Leaders on Industrialisation, Regional Trade Cooperation 

    November 9, 2026
    Latest Posts

    Rand Gains Against Dollar, Euro, Pound as Oil Prices Ease

    November 9, 2026

    2027 Could be Hottest Year on Record, UN Warns

    November 9, 2026

    Cardano Drops to $0.18 as Investors Rotate Out of Altcoins

    November 7, 2026

    U.S. Will Soon Decide on Possible Resumption of Iran War – Trump

    November 6, 2026

    UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s

    October 23, 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.