The central parity of the RMB against the US dollar continues to fall

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 6.5625 on March 29, a slight decline from the previous trading day.
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the median price of the RMB exchange rate in the inter-bank foreign exchange market on March 29, 2011 was: US$1 to RMB6.5625, 1 Euro to RMB9.2446, and 100 yen to RMB8. .0447 yuan, 1 Hong Kong dollar to 0.84149 yuan, 1 pound to 10.4957 yuan, 1 yuan to 0.46165 ringgit, 1 yuan to 4.3195 Russian rubles.
On the previous trading day, the central parity of the RMB against the US dollar was reported at 6.5618.
A number of Fed officials said that the United States should consider ending the second round of quantitative easing early, which boosted the dollar. However, ECB President Trichet’s tough stance on inflation has blocked the dollar’s ​​rebound. Currently, the focus of the market is on the US non-farm payrolls and unemployment rate data released this weekend.
 

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