Tag: Chinese yuan

Chinese yuan weakens to 6.5670 against US dollar

BEIJING, China (CCTV) — The central parity rate of the Chinese yuan weakened by 140 basis points to 6.5670 against the U.S. dollar on Wednesday, the lowest since the start of this month, according to the China Foreign Exchange Trade System. The midpoint of the Chinese yuan against the greenback is slipping to a two-week low of 6.5530 on Tuesday. Analysts said the fast appreciation of the yuan since late June drew a lot of […]