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The Chinese currency Renminbi, or the yuan, went down 16 basis points to 6.1343 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
China yuan weakens to 6.1327 against USD Tuesday
2014-03-11China yuan weakens to 6.1312 against USD Monday
2014-03-10China yuan strengthens to 6.1201 against USD Friday
2014-03-07China yuan strengthens to 6.1249 against USD Thursday
2014-03-06China yuan weakens to 6.1257 against USD on Wednesday
2014-03-05Two-way yuan fluctuation normal: SAFE
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