China yuan weakens to 6.1192 against USD Wednesday
(Xinhua) Updated: 2014-02-26 10:55
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A clerk counts currency at a Bank of China Ltd branch in Nanchong, Sichuan province. The yuan has depreciated almost 1 percent against the dollar since Feb 17. [Photo/Xinhua] |
BEIJING - The Chinese currency renminbi, or the yuan, weakened 8 basis points to 6.1192 against the US 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 US dollar is based on a weighted average of prices before the opening of the market each business day.
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