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Renminbi hits new highs against dollar

Source: Internet
Author: User
Keywords RMB US dollar exchange rate
Tags compared compared to the consolidation create data exchange exchange rate international currency
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(reporter Gaochenwu) the latest data from China's foreign exchange trading center shows that January 25 the renminbi against the U.S. dollar exchange rate of 6.5881, compared to the previous session of 6.5883 appreciation of two basis points, again to create new highs since the exchange. Societe Generale, senior economist Lu County, said that in the international currency market against the backdrop of weak dollar, the renminbi to the U.S. dollar exchange rate again rewrite new record. But the renminbi's rise is narrowing, which could herald a consolidation after a sustained strengthening of the renminbi, "after all, the renminbi will not be able to raise the value of the year in one months."

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