ecns [expanded by feedex.net]: Chinese yuan weakens to 6.1485 against USD Monday

ecns [expanded by feedex.net]

ecns

Chinese yuan weakens to 6.1485 against USD Monday
http://www.ecns.cn/business/2014/09-22/135501.shtml
Sep 22nd 2014, 00:42





2014-09-22 09:42 Xinhua Web Editor: Qin Dexing


The value of the Chinese currency renminbi, or the yuan, weakened by 30 basis points to 6.1485 against the U.S. dollar in its central parity rate on Monday, according to the China Foreign Exchange Trading System.


In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.


The central parity rate of the yuan against the U.S. 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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