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RMB against the US dollar fell

RMB against the US dollar fell

  • Author:Chally Xu
  • Source:Sunny Glassware
  • Release on :2015-08-12

The central bank decided to improve the RMB exchange rate against the US dollar offer, and to enhance the degree of market benchmark. On that day, the RMB against the US dollar exchange rate set at 6.2298 yuan, plunged nearly 2 percent in a single day. Experts point out that the central bank move is corrective initiative, non-competitive devaluation could boost exports.

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