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The Chinese currency renminbi, or yuan, weakened 15 basis points to 6.1475 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 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 offered by market makers before the opening of the interbank market each business day.
Experts warn as yuan dips further
2014-03-21China yuan weakens to 6.1460 against USD Thursday
2014-03-20Yuan continues to weaken against USD
2014-03-20Yuan eases on widened trading band
2014-03-18Chinese airlines lose on depreciation of yuan
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