The value of the Chinese currency renminbi, or the yuan, strengthened 23 basis points to 6.1542 against the U.S. dollar in its central parity 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.
China yuan weakens to 6.1580 against USD on Wednesday
2014-04-30China yuan strengthens to 6.1556 against USD Tuesday
2014-04-29China yuan strengthens to 6.1565 against USD Monday
2014-04-28China yuan strengthens to 6.1576 against USD on Friday
2014-04-25China yuan strengthens to 6.1589 against USD on Thursday
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