Chinese Yuan weakens to ¥6.8763 against U.S. dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 69 pips to ¥6.8763 against the dollar on Tuesday.
The China Foreign Exchange Trade System reported this.
In China’s spot foreign exchange market, the yuan can rise or fall by two per cent from the central parity rate each trading day.
The yuan’s central parity rate against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)
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