Value of Chinese yuan weakens against US dollar

GMT 20:21 2014 Monday ,07 July

Arab Today, arab today Value of Chinese yuan weakens against US dollar

China's Yuan and US Dollar
Beijing - QNA

The value of the Chinese currency renminbi, or the yuan, weakened 16 basis points to 6.1658 against the US dollar in its central parity on Monday, (Xinhua) reported citing the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day.
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.

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