The Chinese currency renminbi, or yuan, weakened 18 basis points to 6.1589 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 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.
US Treasury declines to name China as currency manipulator
2014-04-16China yuan weakens to 6.1571 against USD on Tuesday
2014-04-15China 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
2014-04-10Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.