Money

China's yuan rises to new high Wednesday

(Xinhua)
Updated: 2011-02-09 10:28

BEIJING - The Chinese currency, or the yuan, rose 10 basis points from previous trading day to a fresh high of 6.585 against the US dollar Wednesday, according to the China Foreign Exchange Trading System.

Related readings:  Rate hike 'aims to help tame inflation'  China's yuan rises 31 basis points to all-time high  Renminbi trades close to a 17-year high  China's yuan advances to 6.5881 per USD Tuesday

The central parity rate of RMB, or the yuan, was 10 basis points stronger than the previous record of 6.586 set on February 1, 2011.