RMB re­treats against the US dol­lar

China Daily (Canada) - - BUSINESS -

The cen­tral par­ity rate of the Chi­nese currency ren­minbi, or the yuan, weak­ened by 279 ba­sis points to 6.5935 against the US dol­lar on Wed­nes­day, 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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