The Chinese currency Renminbi, or the yuan, lost 21 basis points to 6.1698 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent 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 before the opening of the market each business day.
Yuan hits record high at 6.1598 against USD Monday
2013-06-17China yuan weakens to 6.1677 against USD Wednesday
2013-06-19Yuan at its highest in 3 weeks
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