The Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The development is based on a report by the China Foreign Exchange Trade System.
The strength of the yuan against the dollar was 238 pips, according to the China Foreign Exchange Trade System.
According to the China Foreign Exchange Trade System, the yuan weakened 97 pips to 7.1212 against the dollar on Monday.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 73 pips to ¥6.8679 against the dollar on Monday.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 69 pips to ¥6.8763 against the dollar on Tuesday.
The yuan weakened to 7.2555 per dollar on Friday, according to the China Foreign Exchange Trade System.
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
