The Chinese currency Renminbi, or yuan, lost 24 basis points to 6.2384 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

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<div>BEIJING, April 24 -- The Chinese currency Renminbi, or yuan, lost 24 basis points to 6.2384 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.</div>
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<div>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.</div>
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<div>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.</div>