Markets

China's yuan stronger against US dollar Friday

(Xinhua)
Updated: 2010-08-06 10:32

BEIJING - The central parity rate of the yuan, China's currency Renminbi (RMB), advanced to 6.7730 per US dollar Friday from 6.7783 per US dollar Thursday, according to the data released by the China Foreign Exchange Trading System.

Related readings:  China's yuan stronger against US dollar Thursday  Yuan hits new record high against USD Friday

The central parity rate of the yuan advanced to a record high 6.7715 against US dollar Wednesday from 6.7722 per US dollar Tuesday.

China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.