Off the wire
• Roundup: S. Korean president says to accept investigation over scandal if necessary  • Roundup: Global praise for China's launch of 1st heavy-lift rocket  • Indian markets open flat  • Nicaraguan elections to highlight Ortega's popularity  • New Zealand troops to be sent to new Iraq training base  • Roundup: Bank of England maintains benchmark interest rate, lifts GDP forecast  • Interview: Latvian PM lauds promising prospects for relations with China  • Tokyo stocks lose ground in morning on uncertainty about U.S. presidential vote  • First group of Syrian refugees arrive in Aussie state  • Mexico has strengthened bilateral relations with China, says FM  
You are here: 　 Home

1st LD-Writethru: Chinese yuan weakens to 6.7514 against USD Friday

Xinhua, November 4, 2016 Adjust font size:

The central parity rate of the Chinese currency, the renminbi or the yuan, weakened mildly against the U.S. dollar and weakened sharply against the British pound after a British court ruling on Brexit.

The yuan weakened 23 basis points to 6.7514 against the dollar, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

The sterling rallied against the yuan and other major currencies Friday following a ruling by England's High Court that has cast uncertainties over the Brexit plan. The court ruled that the British government needs parliamentary approval to trigger Britain's exit from the European Union.

The yuan weakened by 1,130 basis points to 8.4193 against the British pound Friday. Endi