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Chinese yuan weakens to 6.6766 against USD

By ANI | Updated: May 26, 2022 09:00 IST

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 216 pips to 6.6766 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

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Beijing [China], May 26 : The central parity rate of the Chinese currency renminbi, or the yuan, weakened 216 pips to 6.6766 against the U.S. dollar Thursday, 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 per cent from the central parity rate each trading day, as per Xinhua News Agency. 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.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: China Foreign Exchange Trade System & National Interbank Funding CenterchinabeijingXinhua news agencyChina xinhua newsXinhua news agency healthXinhua new agency
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