The value of the Chinese currency renminbi, or the yuan, weakened by 30 basis points to 6.1645 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 6.1615 against USD Tuesday
2014-07-29China yuan weakens to 6.1622 against USD on Monday
2014-07-28China yuan weakens to 6.1597 against USD Friday
2014-07-25China yuan weakens to 6.1579 against USD Thursday
2014-07-24China yuan weakens to 6.1572 against USD Wednesday
2014-07-23China yuan rises to 6.1544 against USD Tuesday
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