The Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The Brazilian president has been very outspoken on ending the dominance of the U.S. dollar in international trade.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 50 pips to 7.2258 against the dollar Friday.
The yuan weakened 121 pips to 7.1196 against the dollar, according to the China Foreign Exchange Trade System.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 83 pips to ¥6.8835 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 340 pips to ¥6.8714 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 central parity rate of the Chinese currency renminbi, or the yuan, strengthened nine pips to ¥7.1086 against the U.S. dollar on Tuesday.
The yuan’s central parity rate against the dollar was based on a weighted average of prices offered by market makers.
