chinese yuan weakens to 69462 against usd tuesday
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Chinese Yuan Weakens to 6.9462 against USD Tuesday

Arab Today, arab today

Arab Today, arab today Chinese Yuan Weakens to 6.9462 against USD Tuesday

Chinese currency
Beijing - QNA

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 3 basis points to 6.9462 against the US dollar Tuesday, according to the China Foreign Exchange Trade 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, China's News Agency (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.

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