Arab Today, arab today yuan starts trading with australian canadian dollars
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

Yuan starts trading with Australian, Canadian dollars

Arab Today, arab today

Arab Today, arab today Yuan starts trading with Australian, Canadian dollars

Beijing - Xinhua

China opened its currency market to direct trading of the yuan against the Australian and Canadian dollars on Monday, bringing the total of foreign currencies that can be directly traded with it to nine. The central parity rate for the yuan against Australian dollar was set at 6.2491 on Monday while the Canadian dollar/yuan central parity rate was 6.1048, according to the China Foreign Exchange Trading System. On the spot market, the yuan can rise or fall 3 percent against the two foreign currencies from their daily central parity rates. The two foreign currencies join seven others -- the U.S. dollar, HK dollar, Japanese yen, euro, British pound, Malaysian ringgit and Russian ruble -- that are allowed to be traded on China\'s interbank foreign exchange market. Analysts said the new currency pairs will help facilitate bilateral trade and investment as well as push the internationalization of yuan. Both Australia and Canada are among China\'s major trade partners, especially with regard to resources, and their economies are in better shape than those of other developed nations, said Zheng Lei, a senior executive with the international investment business of China Merchants Bank. Adding the two currency pairs is a significant part of yuan\'s internationalization process, and it can help simplify bilateral trade and investment by avoiding \"detouring\" through a third-party currency, said Bai Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.  

arabstoday
arabstoday

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yuan starts trading with australian canadian dollars Arab Today, arab today yuan starts trading with australian canadian dollars

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yuan starts trading with australian canadian dollars Arab Today, arab today yuan starts trading with australian canadian dollars

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday