Chinese Yuan Weakens to 6.67 against USD Thursday
Yuan.
Beijing - XINHUA
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 19 basis points to 6.67 against the U.S. dollar Thursday, 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% from the central parity rate each trading day, China's News Agency (Xinhua) reported.
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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