The Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 390 pips to ¥6.9237 against the dollar.
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.
The central parity rate of the Chinese currency, renminbi, or the yuan, weakened 115 pips to ¥6.8886 against the dollar Thursday.
The yuan weakened to 7.2555 per dollar on Friday, according to the China Foreign Exchange Trade System.
