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China Yuan Retreats to 6.326 against USD Friday
May 25,2012 10:30CST
data analysis
Source:SMM
The Chinese currency Renminbi, or the yuan, lost 13 basis points to 6.326 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.

BEIJING, May 25 (Xinhua) -- The Chinese currency Renminbi, or the yuan, lost 13 basis points to 6.326 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 1 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.

 

yuan against dollar

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