Yuan Down Against Trade-weighted Basket of Currencies
Published:
2009-08-18
The RMB's nominal effective exchange rate (NEER) dropped for the 5th month in a row in July. The Bank of International Settlement revealed that the RMB's NEER, its value against a trade-weighted basket of currencies, fell 0.5 % in July, marking a decline of 4.7% since the beginning of the year.
Source
China Securities Journal
Google Translation
Source
China Securities Journal
Google Translation
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