RMB exchange rate against the U.S. dollar continued to move up

in the international foreign exchange market the dollar fell against the backdrop of the yuan against the U.S. dollar continued to move up. From the China Foreign Exchange Trading Center show that on November 5 for the RMB exchange rate of U.S. dollar 6.8240 reported that more than 21 basis points higher in the previous session.

People's Bank of China authorized by China Foreign Exchange Trade System announced on November 5, 2008 interbank foreign exchange market, and other currencies against the dollar exchange rate of 1 U.S. dollar against 6.8240 yuan, 1 euro was 8.8378 yuan, 100 days 6.8421 yuan against the yuan, 1 Hong Kong dollar against 0.88039 yuan, 1 pounds against 10.8703 yuan.

In the previous session, the RMB exchange rate against the U.S. dollar 6.8261 U.S. newspaper.

Results for the U.S. presidential election just around the corner, the U.S. stock market rose Tuesday, the U.S. dollar against the euro since the euro exchange rate is a record since the advent of the biggest one-day decline. As a result, the RMB exchange rate against the U.S. dollar to maintain upward momentum.