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Yuan mid-point at 6.7685, new high since 2005

08-09-2010 11:11 BJT

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The People's Bank of China set Monday's yuan daily mid-point against the U.S. dollar at a new high. The reference rate stands at 6.7685, the highest since the central bank initiated the yuan's exchange reform in 2005.

In the meantime, U.S. jobs data on Friday indicating a slow-down in the world's largest economy, drove the dollar index to its lowest level since mid-April, and diverted funds into other currencies.

China's central bank issues mid-point data through the Shanghai based interbank market, the China Foreign Exchange Trade System. The yuan may rise or fall 0.5 percent against the U.S. dollar from its mid-point each day.

Editor:Xiong Qu |Source: CNTV.CN

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