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China Yuan Retreats to 6.1779 against USD Wednesday
Jun 26, 2013 11:03Source:SMM
China Yuan Retreats to 6.1779 against USD Wednesday.
BEIJING, June 26 -- The Chinese currency Renminbi, or the yuan, lost 12 basis points to 6.1779 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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