Chinese currency renminbi, or the yuan, weakened 73 basis points to 6.5223 against the US dollar on Friday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, Xinhua reported.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Source : MENA
Name (required) *
E-mail (required, but will not be published) *
Notify me of follow-up comments
Rudi Garcia faces a daunting first assignment as Marseille coach with the struggling French giants travelling to bitter rivals and reigning champions…
The facade of the world's tallest building, the Burj Khalifa in the Gulf emirate of Dubai, was lit up in pink Thursday…
The London Fashion Week (LFW) is one of the most sought out shows of the year. LFW is an annual fashion event…
Powered and Developed by FilmMatters
Copyright © 2016 Arabtoday