BEIJING (Armfalcon.com) – The yuan’s central exchange rate slipped 33 basis points to 6.9240 against the US dollar in Friday trading, retreating after lifting 30 basis points to 6.9207 a day earlier, according to the China Foreign Exchange Trading System.
On China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2.0 percent from its central parity rate each trading day.
The yuan’s middle rate against the US dollar is based on the weighted average price offered by market participants before the opening of the interbank money market on each working day, according to Xinhua.
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Translator: Apep Suhendar
Editor: Click Dewanto
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