UN welcomes Russian, Ukrainian unilateral ceasefires

The United Nations welcomes the unilateral ceasefires announced respectively by Ukraine and Russia, said a UN spokesman on Tuesday.

"We welcome the unilateral ceasefire announced by Ukraine, to begin on the night of 5 to 6 May, as well as the one by the Russian Federation, to take place over 8 and 9 May,” said Stephane Dujarric, spokesman for UN Secretary-General Antonio Guterres.

The secretary-general looks forward to their successful implementation, and reiterates his call for a full, immediate, unconditional and lasting ceasefire, leading to a just, comprehensive and sustainable peace, in line with the UN Charter, international law and relevant UN resolutions, Dujarric told a daily press briefing.

Russia’s Defense Ministry on Monday declared Victory Day ceasefire from May 8 to 9. Ukrainian President Volodymyr Zelensky announced Monday night that Ukraine will start a ceasefire with Russia starting May 6.

UN welcomes Russian, Ukrainian unilateral ceasefires

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 66 pips to 6.8562 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

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.

Chinese yuan strengthens to 6.8562 against USD Wednesday