China Yuan Retreats to 6.3072 against USD Friday

Apr 6, 2012 10:37

Source:SMM

The Chinese currency Renminbi, or the yuan, lost 37 basis points to 6.3072 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.

BEIJING, April 6 (Xinhua) -- The Chinese currency Renminbi, or the yuan, lost 37 basis points to 6.3072 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.

Chinese yuan

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China Yuan Retreats to 6.3072 against USD Friday

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