BEIJING Esa Lindell Jersey , Aug. 14 (Xinhua) -- The Chinese
currency strengthened against the U.S. dollar for the fifth straight working
day on Monday to its highest level since September last year.
The central parity rate of the Chinese currency, the renminbi or the yuan,
strengthened 41 basis points to 6.6601 against the U.S. dollar Monday,
according to the China Foreign Exchange Trade System.
The dollar was weighed down by weak U.S. inflation data which dampened
prospects of another Federal Reserve interest rate hike later this year.
Friday's data showed the U.S. consumer price index edged up just 0.1 percent
last month after it was unchanged in June.
Meanwhile Tyler Pitlick Jersey , China's economy continued its
steady expansion in the first half of this year with GDP up 6.9 percent,
supporting the Chinese currency.
"The renminbi, despite moving closer to the level consistent with overall
assessment, remained broadly in line with fundamentals and desirable
policies Devin Shore Jersey ," said the IMF in its latest
External Sector Report released last month.
China's policies put in place to stabilize growth have led to recent
appreciation of the RMB and helped ease capital outflows and foreign exchange
reserve loss, according to the IMF.
In China's spot foreign exchange market, the yuan is allowed to rise or fall
by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a
weighted average of prices offered by market makers before the opening of the
interbank market each business day.
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TIRANA Mattias Janmark Jersey , Aug. 14 (Xinhua)
-- The construction sector in Albania maintained a positive growth during the
second quarter of this year and the trend is expected to continue into the
second half of 2017, data published by the Bank of Albania (BoA) showed
"The increase of the approved number of construction permits and the
positive contribution of public investments signal a continuation of the
positive trend of Albania's construction sector in 2017," BoA experts said in
According to them, the confidence indicator and the rate of capacity
utilization in construction suggested that the performance of the construction
sector would further improve in the upcoming months.
"The added value of the sector expanded at a high annual rate Radek Faksa Jersey , around 14.1 percent, following
positive rates of the previous quarter," the central bank experts noted.
According to the analysis of BoA specialists, during the second
quarter John Klingberg Jersey , Albania saw an increase in the
sale of apartments, as the decline of the euro affects the housing prices.
Meanwhile, experts emphasized that the continuation of the project for the
construction of the Trans Adriatic Pipeline (TAP) and the growth of foreign
direct investment inflows were expected to have had a positive effect on the
performance of the construction sector.
They added that the sector developments were also influenced by the
realization of engineering works and the category of new constructions.
Albanian construction sector has suffered a decline over the past years,
mainly due to the drop in the public investments carried out by the government
and the deadlock in the apartments' sales.
Therefore Dan Hamhuis Jersey , the fact that economic indicators
of this sector are improving is considered by economy experts here as a good
signal for the Albanian economy in general.
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