BEIJING Nick Jensen Red Wings Jersey , Jan. 18 (Xinhua) -- Two-way movement will be normal for the exchange rate of the Chinese yuan in the future given uncertainties in the global economic recovery and the monetary policies of major economies, according to a senior official with the country's top forex regulator Thursday.

China will continue to improve the formation mechanism of the renminbi exchange rate to enhance its flexibility and keep it generally stable within a reasonable range, according to Wang Chunying, spokesperson with the State Administration of Foreign Exchange (SAFE).

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 66 basis points to 6.4401 against the U.S. dollar Thursday after three days of strengthening.

The Chinese currency has risen by over 1.5 percent in value compared with the U.S. dollar since the first trading day this year.

Wang attributed the yuan's rise to a weakening dollar and steady domestic economic growth.

The dollar index, a gauge that measures the U.S. currency's strength against six other major currencies, staged consistent declines in the past trading days over domestic uncertainties and a strengthening euro due to stronger-than-expected EU economic recovery.

In a sign of rising confidence in the currency, China's central bank decided last week to adjust the mechanism it created last year to support the renminbi and check capital flight amid worries of a weakening yuan.

Chinese enterprises are gradually changing their old thinking on the renminbi exchange rate, with fewer betting on unilateral appreciation or depreciation, said Wang, adding that SAFE will continue to prompt enterprises to improve risk management.

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LONDON, Jan. 21 (Xinhua) -- The national executive committee of UKIP, the anti-EU party, agreed a vote of no confidence Sunday in its leader Henry Bolton.

Ahead of the vote Bolton said he would not quit the job even if the no confidence vote was passed. Bolton said in a round of Sunday media interviews the committee had no right to pass moral judgement on his private life.

He has faced calls to resign over a number of anti-racist remarks his former girlfriend posted on social media, including messages critical of Meghan Markle, bride-to-be of Queen Elizabeth's grandson, Prince Harry.

Last week Bolton ended the romantic relationship with girlfriend Jo Marney who texted messages saying Markle would taint the British Royal Family, though he has said he would support Marney rebuild her life.

UKIP, the United Kingdom Independence Party, was formed 30 years ago tasked with ending Britain's membership of the EU.

UKIP chairman Paul Oakden said Bolton was offered the opportunity to resign but said he had made it clear that he feels he is the right man to lead the party forward.

Following a three-hour emergency meeting, called to discuss Bolton' future, the vote of no confidence in him was passed. There will now be a vote among the entire UKIP membership.

The executive committee does not have the power under UKIP rules to remove Bolton, only a vote of the party's membership can do that.

If Bolton, a retired army officer, leaves his job it would mean UKIP having to seek its fifth leader in 18 months.

In a statement issued later UKIP said: ""The committee took the decision to hold a vote of no confidence in the leadership of Henry Bolton. The vote was carried unanimously with the exception of the leader. This decision will automatically trigger an EGM (emergency general meeting) of the party, to allow the membership of UKIP the democratic opportunity to decide to endorse or reject that vote of no confidence. The party is required to hold such an EGM within 28 days of today's date unless Henry Bolton resigns in the meantime.""


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