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China Yuan Weakens to 6.1757 against USD Wednesday
Jun 5,2013 16:33CST
industry news
Source:SMM
The Chinese currency Renminbi, or the yuan, lost 22 basis points to 6.1757 against the U.S. dollar on Wednesday.
BEIJING, June 5 -- The Chinese currency Renminbi, or the yuan, lost 22 basis points to 6.1757 against the U.S. dollar on Wednesday, 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.
 
China's foreign exchange

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