Source Pravda.Ru

Chinese yuan fell against US dollar

The Chinese yuan fell slightly against the U.S. dollar Monday after Chinese officials rejected calls from Beijing's trading partners for faster currency reforms during weekend G-7 meetings in Washington.

At midday, the yuan was trading at 8.0916 per U.S. dollar, down from its Friday close of 8.0910. Traders said the dollar gained as market participants interpreted the pressure from the Group of Seven industrialized nations as not particularly intense.

Chinese authorities also strongly suggested Monday that the narrow trading band governing the U.S. dollar-yuan exchange rates’ daily movement would remain, despite a move Friday to loosen controls on other currency rates.

Many of China's trading partners believe the yuan is undervalued, giving it an unfair trade advantage, and would like to see it appreciate, informs the AP

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Turkish President Erdogan issues ultimatum to Washington and Brussels
Turkish President Erdogan issues ultimatum to Washington and Brussels
Turkish President Erdogan issues ultimatum to Washington and Brussels
Turkish President Erdogan issues ultimatum to Washington and Brussels
Turkish President Erdogan issues ultimatum to Washington and Brussels
Putin makes first comment on Trump's Jerusalem decision
Putin: Russian servicemen return home from Syria as victors
Putin: Russian servicemen return home from Syria as victors
Putin makes first comment on Trump's Jerusalem decision
Turkish President Erdogan issues ultimatum to Washington and Brussels
Ugly Christmas tree in Kiev's center shocks Ukrainians
Pentagon can not accept Russia's victory over terrorists in Syria
Putin makes first comment on Trump's Jerusalem decision
Russian general says allegations of his involvement in MH17 crash are stupid
Viktor Yanukovych speaks about Maidan snipers and Donbas civil war
Viktor Yanukovych speaks about Maidan snipers and Donbas civil war
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
USA looking for reason to see nuclear weapons in action