The value of the Chinese currency renminbi, or the yuan, gained 34 basis points to 6.1451 against the U.S. dollar in its central parity 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.
Yuan gains after exports expand
2014-06-10Rate rise lifts yuan to 2-week high
2014-06-10China yuan advances to 6.1485 against USD on Monday
2014-06-09China yuan advances to 6.1623 against USD Friday
2014-06-06China yuan weakens to 6.1708 against USD on Thursday
2014-06-05China yuan strengthens to 6.1693 against USD Wednesday
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