The Chinese currency renminbi, or yuan, weakened 19 basis points to 6.1610 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 6.1591 against USD on Monday
2014-04-21China yuan weakens to 6.1586 against USD on Friday
2014-04-18US urged to ‘understand‘ yuan issue
2014-04-17China yuan strengthens to 6.1589 against USD on Thursday
2014-04-17China yuan weakens to 6.1589 against USD on Wednesday
2014-04-16China yuan weakens to 6.1571 against USD on Tuesday
2014-04-15Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.