According to the latest data from the China Foreign Exchange Trading Center, the central parity of the RMB against the US dollar was reported at 6.3295 on September 17, which was 22 points higher than the previous trading day, setting a new high of nearly two months.
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the central exchange rate of the RMB exchange rate in the inter-bank foreign exchange market on September 17, 2012 was: US$1 to RMB6.3295, 1 Euro to RMB8.2989, and 100 yen to RMB8.1029, HK$1 For RMB 0.81651, 1 pound against RMB 10.26646, 1 Australian dollar against RMB 6.6672, 1 Canadian dollar against RMB 6.5222, RMB 1 against 0.47989 ringgit, and RMB 1 against 4.8229 Russian rubles.
On the previous trading day, the central parity of the RMB against the US dollar was reported at 6.3317.
The Fed launched its QE3 policy last week, which put pressure on the dollar in the short term. On the first trading day of the week, the central parity of the RMB against the US dollar rose for the fourth consecutive day, setting a new high in nearly two months.
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