The central parity of the RMB against the US dollar reached a new high of 6.4470

The latest data from the China Foreign Exchange Trading Center showed that the central parity of the RMB against the US dollar was reported at 6.4470 on July 26, once again hitting a new high since the exchange rate reform. The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the central parity of the RMB exchange rate in the inter-bank foreign exchange market on July 26, 2011 was: US$1 to RMB6.4470, 1 Euro to RMB9.2669, and 100 yen to RMB8.2342.
Yuan, 1 Hong Kong dollar to 0.82739 yuan, 1 pound to RMB 10.4515 yuan, 1 yuan to 0.46009 ringgit, 1 yuan to 4.2988 Russian rubles.   On the previous trading day, the central parity of the RMB against the US dollar was reported at 6.4503. The international rating agency Moody's announced the downgrade of the Greek sovereign rating, which dragged down the formation of the European currency. The International Monetary Fund said that if the United States fails to reach an agreement on the fiscal plan, it may lead to an increase in interest rates or a downgrade. In this context, the international exchange rate dollar continued to be weakly adjusted, and the central parity of the RMB against the US dollar regained its upward trend and reached a new high.  

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