Chinese yuan strengthens to 7.1048 against USD Wednesday
BEIJING, April 24 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 11 pips to 7.1048 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
(Editor:Liao Yifan)