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Home / Metal News / China Yuan Weakens to 6.3339 Against USD Tuesday

China Yuan Weakens to 6.3339 Against USD Tuesday

iconJul 24, 2012 16:48
The Chinese currency Renminbi, or the yuan, fell 69 basis points to 6.3339 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading System.

BEIJING, July 24 (Xinhua) -- The Chinese currency Renminbi, or the yuan, fell 69 basis points to 6.3339 against the U.S. 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 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.

 

 

Chinese currency Renminbi
U.S. dollar
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