China's yuan weakens to 6.1653 against US dollar

GMT 02:35 2014 Monday ,25 August

Arab Today, arab today China's yuan weakens to 6.1653 against US dollar

China's yuan weakens
Beijing - XINHUA

The value of the Chinese currency renminbi, or the yuan, weakened 36 basis points to 6.1653 against the U.S. dollar in its central parity on Monday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 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 offered by market makers before the opening of the interbank market each business day.

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