The value of the Chinese currency renminbi, or the yuan, weakened 10 basis points to 6.1555 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 rises to 6.1545 against USD Tuesday
2014-06-24China yuan weakens to 6.1557 against USD Monday
2014-06-23China yuan strengthens to 6.1524 against USD Friday
2014-06-20China yuan strengthens to 6.1531 against USD Thursday
2014-06-19China yuan weakens to 6.1559 against USD on Wednesday
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