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The latest Renminbi Index from the.......>

CHINA YUAN
CHINA YUAN: The latest Renminbi Index from the China Foreign Exchange Trade
System (CFETS), which measures the yuan against a basket of currencies from 24
major trading partners, rose 1.76% in August to 94.38, compared with a 0.58%
fall last month, CFETS said Friday. The Renminbi Indexes measured against the
Bank for International Settlements' currency basket and the IMF's Special
Drawing Rights currency basket dropped 1.61% and 1.64%, respectively, to 95.12
and 95.29, CFETS noted. The yuan rose 1.96% against the U.S. dollar in August,
the largest appreciation since July 2005 when it jumped 2.07%, according to
calculations by Market News International based data on the official yuan
closing price on CFETS.

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