China\'s yuan weakens to 6.2745 against USD wednesday
Beijing - QNA
The Chinese currency Renminbi, or yuan, weakened 54 basis points to 6.2745 against the U.S. dollar on Wednesday, 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% from the central parity rate each trading day, according to China\'s (Xinhua) News Agency. The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
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