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China's Yuan Weakens to 6.3352 against USD Friday
Dec 9,2011 09:55CST
data analysis
Source:SMM
The Chinese currency Renminbi, or the yuan, weakened 33 basis points to 6.3352 against the U.S. dollar on Friday.

BEIJING, Dec. 9 (Xinhua) -- The Chinese currency Renminbi, or the yuan, weakened 33 basis points to 6.3352 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 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 before the opening of the market each business day.
 

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