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Chinese Yuan hits new levels against US. Dollar for three consecutive days

The Chinese Yuan RMB managed to stay strong for three consecutive days against the US. Dollar, with a central parity rate of 7.7798 Yuan to the US. Dollar, according to a forex trading system in China. The value of the Chinese Yuan recently overtook the Hong Kong Dollar for the first time in 13 years, with a central parity rate of 0.99945 Yuan to a Hong Kong Dollar.

China's Central bank has also reported a 34 percent growth in foreign exchange reserves, jumping by 200 billion US. Dollars last year. According to the Chinese Central bank, foreign exchange reserves have more than tripled.

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