The Chinese currency renminbi, or yuan, weakened 40 basis points to 6.1571 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 2 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 offered by market makers before the opening of the interbank market each business day.
China yuan weakens to 6.1531 against USD on Monday
2014-04-14China yuan strengthens to 6.1495 against USD on Friday
2014-04-11China yuan weakens to 6.1510 against USD on Thursday
2014-04-10China yuan strengthens to 6.1490 against USD Wednesday
2014-04-09China yuan strengthens to 6.1527 against USD on Tuesday
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