ZCZC
BCN-37
CHINA-YUAN-FOREX
Chinese yuan weakens to 6.9646 against USD Wednesday
BEIJING, Oct. 31, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 72 basis points to 6.9646
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.
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.
BSS/XINHUA/HR/1400