Yuan Retreats to 6.3115 Against USD

Data Analysis 09:59:08AM Feb 01, 2012 Source:SMM

BEIJING - The Chinese currency Renminbi, or the yuan, lost 59 basis points to 6.3115 against the US dollar on Tuesday, 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 US dollar is based on a weighted average of prices before the opening of the market each business day.


 

Yuan Retreats to 6.3115 Against USD

Data Analysis 09:59:08AM Feb 01, 2012 Source:SMM

BEIJING - The Chinese currency Renminbi, or the yuan, lost 59 basis points to 6.3115 against the US dollar on Tuesday, 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 US dollar is based on a weighted average of prices before the opening of the market each business day.