Chinese yuan weakens to 6.3799 against USD ...Middle East

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Chinese yuan weakens to 6.3799 against USD
source : Devdiscourse ( Middle East ) () 33
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, Xinhua News Agency reported. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

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