The Chinese yuan strengthened to 6.3175 against the US dollar in Asian trading on Tuesday. If the yuan gains further, it may likely target the 6.30 level. At yesterday's close, the dollar-yuan pair was quoted at 6.336. The People's Bank of China set today's central parity rate for the yuan at 6.3115 per dollar, compared to Monday's daily reference rate of 6.3056.
The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 0.5 percent from that level.
by RTT Staff Writer
0.25% 
0.25%
1.00% 
1.00%
0.50% 
4.25%
0.10% 
3.00%