The value of the Chinese currency renminbi, or the yuan, weakened by 30 basis points to 6.1485 against the U.S. dollar in its central parity rate on Monday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange 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.
Chinese yuan strengthens to 6.1450 against USD Wednesday
2014-09-17Chinese yuan weakens to 6.1462 against USD Tuesday
2014-09-16Chinese yuan strengthens to 6.1452 against USD Monday
2014-09-15China yuan weakens to 6.1468 against USD Friday
2014-09-12China yuan weakens to 6.1453 against USD Thursday
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