Close Menu
    What's Hot

    ZECUSD – Zcash Rises 5% after Multi-day Price Correction

    May 31, 2026

    Binance Coin Gains 7.3% on High-Volume Spot Buying

    May 31, 2026

    Market Regulator Sets for T+1 Settlement, Suspends Key Trading Rules

    May 30, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, May 31
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Foreign » Yuan Strengthens 7. 1049 Against Dollar
    Foreign

    Yuan Strengthens 7. 1049 Against Dollar

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

    Related Posts

    Uncategorized

    DisCos Meter 241,590 Customers in 2 Months –NERC

    May 22, 2026
    News

    Wall Street Surges to Record Highs as AI, Tech Stocks Rally

    May 15, 2026
    News

    British Health Secretary Resigns as Starmer Faces Leadership Challenge

    May 14, 2026
    Foreign

    Iran Opens Strait of Hormuz to Chinese Ships

    May 14, 2026
    Foreign

    Global Markets Mix, S&P 500 Rises Ahead of Trump, Xi Meeting

    May 14, 2026
    News

    Uzbekistan Debuts Largest London IPO, First Global Equity Offer

    May 13, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    ZECUSD – Zcash Rises 5% after Multi-day Price Correction

    May 31, 2026

    Binance Coin Gains 7.3% on High-Volume Spot Buying

    May 31, 2026

    Market Regulator Sets for T+1 Settlement, Suspends Key Trading Rules

    May 30, 2026

    Moody’s Changes Mali’s Outlook to Negative, Affirms Caa2 Rating

    May 30, 2026
    Latest Posts

    DisCos Meter 241,590 Customers in 2 Months –NERC

    May 22, 2026

    Wall Street Surges to Record Highs as AI, Tech Stocks Rally

    May 15, 2026

    British Health Secretary Resigns as Starmer Faces Leadership Challenge

    May 14, 2026

    Iran Opens Strait of Hormuz to Chinese Ships

    May 14, 2026

    Global Markets Mix, S&P 500 Rises Ahead of Trump, Xi Meeting

    May 14, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    ZECUSD – Zcash Rises 5% after Multi-day Price Correction

    May 31, 2026

    Binance Coin Gains 7.3% on High-Volume Spot Buying

    May 31, 2026

    Market Regulator Sets for T+1 Settlement, Suspends Key Trading Rules

    May 30, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

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