Yuan sheds 130 points against dollar -- china.org.cn

Yuan sheds 130 points against dollar

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The value of China's currency, the yuan, lost 130 basis points Tuesday to 7.5232 yuan to one US dollar, according to its central parity rate released by Chinese Foreign Exchange Trading System today.

It is the yuan's biggest decline since it hit a record high of 7.505 to one US dollar on September 21.

Supported by rosy US employment figures released last Friday, the exchange rate of US dollar against other currencies rallied on Monday’s trading, and strengthened against yuan.

(Chinadaily.com.cn October 9, 2007)

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