China's yuan edges down against USD Tuesday

0 CommentsPrint E-mail Xinhua, April 12, 2011
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The Chinese currency Renminbi (RMB), or the yuan, on Tuesday lost 39 basis points from Monday to 6.5440 per U.S. dollar.

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.

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