The value of the Chinese currency renminbi, or the yuan, weakened 26 basis points to 6.1549 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 strengthens to 6.1523 against USD -- July 1
2014-07-01China yuan strengthens to 6.1528 against USD Monday
2014-06-30China yuan weakens to 6.1543 against USD Friday
2014-06-27China yuan rises to 6.1538 against USD Thursday
2014-06-26China yuan weakens to 6.1555 against USD Wednesday
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