The Chinese currency Renminbi, or the yuan, lost 11 basis points to 6.1729 against the U.S. dollar on Wednesday, 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 6.1718 against USD Tuesday
2013-09-03China yuan strengthens to 6.1702 against USD Monday
2013-09-02China yuan weakens to 6.1709 against USD Friday
2013-08-30China yuan weakens to 6.1690 against USD Thursday
2013-08-29China yuan strengthens to 6.1667 against USD Wednesday
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