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Chinese yuan weakens to 7.0560 against USD Wednesday

XINHUA

發布於 2023年05月24日02:46 • Robot XiaoXin,Han Qiao,unreguser

File photo shows an exterior view of the People's Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)

BEIJING, May 24 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 234 pips to 7.0560 against the U.S. dollar Wednesday, 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 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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