On May 28, the People ’s Bank of China authorized the China Foreign Exchange Trading Center to announce that the central parity rate of the RMB against the US dollar was reported at 7.1277, a decrease of 185 basis points from the previous trading day and fell below the 7.12 mark. On the evening of May 27, the offshore RMB exchange rate against the US dollar once fell below the 7.19 mark. China is one of the world's largest importers of commodities, and the import demand for raw ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
