China yuan weakens to 6.1224 against USD Thursday
(Xinhua) Updated: 2014-02-27 10:10
BEIJING - The Chinese currency renminbi, or the yuan, weakened 32 basis points to 6.1224 against the US dollar on Thursday, 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.
- NHTSA says finds no 'defect trend' in Tesla Model S sedans
- WTO rare earth ruling is unfair
- Amway says 2014 China sales may grow 8%
- President Xi in Europe: Forging deals, boosting business
- CNOOC releases 2013 sustainability report
- Local production by Chery Jaguar Land Rover this year
- Car lovers test their need for speed in BMW Mission 3
- China stocks close mixed Monday
Hot Topics
Editor's Picks
