The value of the Chinese currency renminbi, or the yuan, weakened by 62 basis points to 6.1565 against the U.S. dollar in its central parity on Thursday, 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 6.1503 against USD Wednesday
2014-11-05China yuan weakens to 6.1543 against USD Tuesday
2014-11-04China yuan weakens to 6.1525 against USD Monday
2014-11-03China yuan strengthens to 6.1405 against USD Wednesday
2014-10-29China yuan strengthens to 6.1421 against USD Tuesday
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