Chinese yuan weakens to 6.7109 against dollar ...Middle East

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Chinese yuan weakens to 6.7109 against dollar
source : Devdiscourse ( Middle East ) () 18
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 258 pips to 6.7109 against the US dollar Wednesday, according to China Foreign Exchange Trade System. 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.The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day, reported Xinhua.

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