Chinese yuan weakens to 6.8821 against USD Monday
Xinhua
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BEIJING, July 29 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 25 basis points to 6.8821 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

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(File photo: VCG)

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.

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.