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China's yuan retreats to 6.4830 against USD Thursday

China's yuan retreats to 6.4830 against USD Thursday

Write: Ranee [2011-06-10]
Tags: the yuan
The Chinese currency Renminbi, or the yuan,lost 35 basis points to 6.4830 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system.
On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.
The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
Source:Xinhua
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