The Chinese currency Renminbi, or yuan, weakened 23 basis points to 6.1690 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.
China yuan strengthens to 6.1667 against USD Wednesday
2013-08-28China yuan retreats to 6.1688 against USD Tuesday
2013-08-27China yuan strengthens to 6.1680 against USD Monday
2013-08-26China yuan weakens to 6.1710 against USD Friday
2013-08-23China yuan weakens to 6.1698 against USD Thursday
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