Yuan weak­ens to 6-year low against dol­lar

China Daily (USA) - - BUSINESS -

The cen­tral par­ity rate of the Chi­nese yuan con­tin­ued to weaken on Mon­day, hit­ting a six-year low against the US dol­lar. The cen­tral par­ity rate weak­ened by 222 ba­sis points to 6.7379 against the dol­lar, ac­cord­ing to the China For­eign Ex­change Trade Sys­tem, the low­est level since Septem­ber 2010. 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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