11 Yuan RMB 6.5401&Nbsp, New High
From China Foreign exchange trading center The latest data show that the RMB against the US dollar in April 11th.
The people's Bank of China authorized the China foreign exchange trading center to announce that in April 11, 2011, the interbank exchange market dollar and other currencies exchanged the middle price of RMB against the RMB exchange rate for 1 US dollars to 6.5401 yuan, 1 euros to 9.4531 yuan, 100 yen to RMB 7.6929 yuan, 1 Hong Kong dollar to the people's currency 0.84184 yuan, 1 pounds to RMB 10.6976 yuan, RMB 1 yuan to the ringgit, and RMB to RMB rouble.
After the European Central Bank raised interest rates by 25 basis points last Thursday, the US dollar continued to be weak, leading to the rise of non US currencies, and at the same time, pushing up the prices of international commodities, crude oil and gold.
The US dollar index is expected to weaken further as the market expects that it is unlikely to raise interest rates in the United States and there may be 1-2 additional interest rates in the eurozone.
RMB rate
It will be even higher.
- Related reading
The Central Parity Of RMB Against The US Dollar Was Reported To Be 6.5456&Nbsp, And The Four Consecutive Trading Day Was A Record High.
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