Chinese yuan weakens to 6.8317 against USD Thursday

BEIJING, Aug. 9 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 4 basis points to 6.8317 against the U.S. dollar Thursday, 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.

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.

[ Editor: Xueying ]
 

Comment

View all

Comments are filtered for language and registration is not required. Guangming Online makes no guarantee of comments' factual accuracy. By posting your comment you agree to our house rules.