The renminbi fell against the dollar, rose 245 points yesterday

The RMB to Dollar exchange rates reduced on Tuesday, whcih rose 245 points yesterday and then dropped.

By the Beijing time of 16:30, according to the China foreign exchange trading center, the onshore RMB had closed at 6.6961 yuan to the dollar, dropped 20 points, which decresed 0.03 percent compared Monday’s official close of 6.6941 yuan.

According to the WIND chart, the onshore RMB daily the heigest and lowest were 6.6894 yuan and 6.7057 yuan, respectively.

At press time, the offshore RMB was at 6.6944 yuan, which dropped 0.16 percent.

The onshore yuan has get more than 700 points against the dollar in the past four trading days, building up a profit pile on optimism about the u.s.-china trade talks.

The dollar index remained weak as talks between the U.S. and China made significant progress.
fell 0.1 percent overnight and is now decrese 0.05 percent at 96.4016.

The central parity rate was also raised this morning by 179 points to 6.6952 yuan, the highest level since July last year.

By reporting, Pan Gongsheng, the people’s bank of China deputy governor, reiterated in CCTV’s inteview today, he said that the RMB formation mechanism exchange rate liberalization should be improved and enhance the flexibility of RMB exchange rate, and try the best to keep the RMB exchange rate basically stable at an appropriate and balanced level.