Markets

China's yuan stronger against US dollar Friday

(Xinhua)
Updated: 2010-08-20 12:00

BEIJING - The value of China's currency Renminbi (RMB) advanced against the US dollar Friday as the central parity rate of the yuan was set at 6.7884 per US dollar, lower than the 6.7898 Thursday, according to the data released by the China Foreign Exchange Trading System.

Related readings:  China's yuan weakens against US dollar Thursday  Stop yuan blame game  Yuan focus must shift from dollar  China's yuan stronger against US dollar Friday

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.