The value of the Chinese currency renminbi, or the yuan, strengthened by 45 basis points to 6.1137 against the U.S. dollar in its central parity rate on Wednesday, 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.
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2014-12-17Chinese yuan weakens to 6.1182 against USD Tuesday
2014-12-16Chinese yuan strengthens to 6.1152 against USD Monday
2014-12-15Chinese yuan strengthens to 6.1282 against USD
2014-12-08Chinese yuan strengthens to 6.1373 against USD Friday
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