Markets

China's yuan weakens against US dollar Thursday

(Xinhua)
Updated: 2011-03-24 10:12

BEIJING - The Chinese currency, or the yuan, on Thursday weakened 24 basis points to 6.5625 per US dollar from Wednesday.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the US dollar is based on a weighted average of prices before the opening of the market each business day.