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China's yuan weakens to 6.6654 per USD Thursday

China's yuan weakens to 6.6654 per USD Thursday

Write: Ghada [2011-05-20]
Tags: the yuan

The value of yuan weakened slightly as the central parity rate of Renminbi, China's currency, was set at 6.6654 per U.S. dollar Thursday, compared with Wednesday's 6.6616, according to the data released by the China Foreign Exchange Trading System.

At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 percent each way of the central parity rate.