Yuan weakens to 6.8692 against USD

XINHUA, BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 100 basis points to 6.8692 against the U S dollar yesterday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent 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.

Yuan weakens to 6.8692 against USD

XINHUA, BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 100 basis points to 6.8692 against the U S dollar yesterday, according to the China Foreign Exchange Trading System. In Chinas spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent 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.