China yuan retreats to 6.1335 against USD

2013-10-24 14:56:13Source:Xinhua

BEIJING, Oct. 24 (Xinhua) -- The Chinese currency Renminbi, or yuan,weakened against the U.S. dollar on Thursday, with its central parity rate shedding 5 basis points to 6.1335 per U.S. dollar, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 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 before the opening of the market each business day.