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China's Yuan Weakens to 6.6441 Per USD

China's Yuan Weakens to 6.6441 Per USD

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

The central parity rate of renminbi, or China's currency yuan, weakened to 6.6441 per U.S. dollar Tuesday from Friday's 6.6303, 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.