The accelerated appreciation of the renminbi hit a new high in exchange reform for three consecutive days

China Foreign Exchange Trading Center announced that the central parity of the RMB exchange rate in the inter-bank foreign exchange market on August 12, 2011 was US$1 to RMB6.3972. After yesterday’s breakthrough of the 6.40 mark against the US dollar, the RMB rose again by 19 basis points today, for three consecutive years. The trading day created a new high in exchange reform. Since this period of time, the appreciation of the renminbi against the US dollar has accelerated. In the 10 trading days since August, the central parity of the renminbi against the US dollar has refreshed the exchange rate record on the 6th. After the three major rating agencies reaffirmed that the French 3A rating remains unchanged, and Germany and France will discuss the debt crisis, the euro rebounded against the US dollar on the 11th. Similarly, except for the Swiss franc, other major currencies were flat against the US dollar. Or slightly higher. As of the close of the New York exchange market, the US dollar index closed slightly lower. 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 August 12, 2011 was: US$1 to RMB6.3972, 1 Euro to RMB9.0866, and 100 yen to RMB8.3086, HK$1 For RMB 0.82074, 1 pound against RMB 10.38801, RMB 1 against 0.46757 ringgit, and RMB 1 against 4.6370 Russian rubles.  

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