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[July 17, 2026, Central Parity Rate of the RMB in the Interbank Foreign Exchange Market] USD/CNY was 6.7934, up 25 points (RMB depreciation); EUR/CNY was 7.7631, down 59 points; HKD/CNY was 0.86648, up 1.8 points; GBP/CNY was 9.1414, down 289 points;

2026-07-17

[July 17, 2026, Central Parity Rate of the RMB in the Interbank Foreign Exchange Market] USD/CNY was 6.7934, up 25 points (RMB depreciation); EUR/CNY was 7.7631, down 59 points; HKD/CNY was 0.86648, up 1.8 points; GBP/CNY was 9.1414, down 289 points; AUD/CNY was 4.7463, up 17 points; CAD/CNY was 4.8310, up 74 points; 100 JPY/CNY was 4.1811, down 4 points; CNY/RUB was 11.5295, up 773 points; NZD/CNY was 3.9623, up 36 points; CNY/MYR was 0.60059, down 8.3 points; CHF/CNY was 8.3928, down 244 points. The Singapore dollar/Chinese yuan exchange rate was 5.2568, down 20 points.

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2026-07-17

Choi Tae-won, chairman of SK Group and head of the Korea Chamber of Commerce, said at a July 17 AI forum in Jeju that AI will drive continued, exponential growth in memory demand and investors should prefer long-term holdings in memory-related stocks

Choi Tae-won, chairman of SK Group and head of the Korea Chamber of Commerce, said at a July 17 AI forum in Jeju that AI will drive continued, exponential growth in memory demand and investors should prefer long-term holdings in memory-related stocks over frequent trading. He described recent share pullbacks at two companies as normal market repricing when expectations outpaced reality and said he cannot predict month‑to‑month price moves. On strategy, Choi urged South Korea to move beyond exporting memory chips toward exporting compute power and AI services.
2026-07-16

ISNA reports Iran says the strait will remain closed until the US accepts Iranian law.

ISNA reports Iran says the strait will remain closed until the US accepts Iranian law.
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