ZCZC
BCN-21
CHINA-FOREX
Chinese yuan weakens to 6.4208 against USD Monday
BEIJING, Jun. 4, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 130 basis points to 6.4208
against the U.S. dollar Monday, 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/1140