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Yuan breaks 7.45 mark against greenback

(Xinhua)
Updated: 2007-11-08 06:56

Related readings:  Yuan breaks 7.47 mark against dollar  Yuan breaks 7.50 vs US dollar  Yuan breaks 7.8 mark against dollar  Yuan breaks key 8.0 to the dollar

China's Renminbi (RMB) climbed 101 basis points to break the 7.45 mark on Wednesday, with the central parity rate at 7.4476 yuan against one US dollar, according to the Chinese Foreign Exchange Trading System.

The yuan broke the 7.46 mark at 7.4552 yuan against one US dollar only last Thursday.

This was the 68th new high the yuan has hit since the beginning of this year, up more than four percent accumulatively.

The accumulative appreciation since July 21, 2005, when China discontinued yuan's peg to the greenback, has exceeded 8.3 percent.