china\s yuan weakens against us dollar
Last Updated : GMT 05:21:58
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Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

China's Yuan Weakens Against US Dollar

Arab Today, arab today

Arab Today, arab today China's Yuan Weakens Against US Dollar

Beijing - Arabstoday

The Chinese currency Renminbi (RMB), or the yuan, on Tuesday lost 39 basis points from Monday to 6.5440 per US dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5% from the central parity rate each trading day, Xinhua news agency reported. The central parity rate of the RMB 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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