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China's Yuan Weakens Against U.S. Dollar Wednesday
Mar 23, 2011 09:50Source:SMM
BEIJING, Mar. 23 -- The Chinese currency, or the yuan, on Wednesday weakened 9 basis points to 6.5601 per U.S. dollar from Tuesday.
On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.
The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
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