The value of the Chinese currency renminbi, or the yuan, weakened 20 basis points to 6.1548 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 6.1528 against USD Monday
2014-08-18China‘s yuan strengthens to 6.1538 against USD Friday
2014-08-15China‘s yuan retreats to 6.1545 against USD Thursday
2014-08-14China yuan weakens to 6.1533 against USD on Wednesday
2014-08-13China‘s yuan strengthens to 6.1517 against USD Tuesday
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