The Chinese currency Renminbi, or the yuan, gained 40 basis points to 6.1767 against the U.S. dollar on Tuesday, 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.
China yuan retreats to 6.1807 against USD Monday
2013-06-24China yuan weakens to 6.1766 against USD Friday
2013-06-21China yuan weakens to 6.1698 against USD Thursday
2013-06-20China yuan weakens to 6.1677 against USD Wednesday
2013-06-19China yuan weakens to 6.1651 against USD Tuesday
2013-06-18Yuan hits record high at 6.1598 against USD Monday
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