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Xinhua Silk Road
Economy

Chinese yuan weakens to 6.5780 against USD Thursday

November 26, 2020


Abstract : The central parity rate of the Chinese currency renminbi, or the yuan, weakened 31 pips to 6.5780 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

BEIJING, Nov. 26 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 31 pips to 6.5780 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 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. Enditem

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