ZCZC
BCN-29
CHINA-YUAN-USD
Chinese yuan weakens to 6.4706 against USD Thursday
BEIJING, June 21, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 120 basis points to 6.4706
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.
BSS/XINHUA/HR/1130