The US dollar rose against the Chinese yuan in today’s trading

The price of the US dollar against the Chinese yuan rose in trading today by 10 pips to 6.8589 yuan per dollar, compared to 6.8579 yuan per dollar on Monday.

Chinese rules allow the yuan to rise or fall by 2% above the central bank’s guide rate on each trading day in the spot foreign exchange market, according to what was reported by China’s official news agency (Xinhua).

It is noteworthy that the indicative price of the yuan against the dollar is determined on the basis of the purchase prices provided by major financial institutions before the start of daily interbank market transactions.