The value of the Chinese currency renminbi, or the yuan, strengthened 5 basis points to 6.1517 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.
China‘s yuan strengthens to 6.1522 against USD Monday
2014-08-11China yuan strengthens to 6.1562 against USD Friday
2014-08-08China yuan strengthens to 6.1670 against USD Thursday
2014-08-07China yuan weakens to 6.1681 against USD Wednesday
2014-08-06China yuan rises to 6.1655 against USD Tuesday
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