ZCZC
BCN-26
CHINA-YUAN-USD-WEEKLY
Chinese yuan down slightly last week
BEIJING, June 25, 2018 (BSS/Xinhua) – China’s yuan weakened slightly
against a basket of currencies in the last trading week, according to a China
Foreign Exchange Trade System (CFETS) index.
The CFETS yuan exchange rate composite index, known as the CFETS RMB
Index, which measures the yuan’s strength relative to a basket of currencies,
came in at 97.38 at the end of last week.
This marked a drop of 0.47 points from a week ago, the CFETS said.
The index compares the yuan to the value of 24 currencies, including the
U.S. dollar, euro and Japanese yen, which was expanded from a basket of 13
currencies in 2016.
In the past week, an index that measures the yuan against the Bank for
International Settlements currency basket also went down 0.57 points to
100.64, and the yuan weakened against the Special Drawing Rights basket by
0.92 points to 97.64, according to CFETS.
BSS/XINHUA/HR/1342