Yuan weak­ens to 6.5693 against dol­lar

China Daily (Canada) - - BUSINESS -

The yuan weak­ened onWed­nes­day to its low­est level against the US dol­lar sinceMarch 2011. The cen­tral par­ity rate of the yuan dropped 225 ba­sis points to 6.5693 against the green­back, ac­cord­ing to the China For­eign Ex­change Trad­ing 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.

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