Chinese yuan weakens to 6.7205 against US dollar

3 August, 2017 12:00 AM printer

BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 57 basis points to 6.7205 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade 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, reports Xinhua.


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.


The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 23 major currencies announced on Wednesday by the China Foreign Exchange Trade System:


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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