(MENAFN- Qatar News Agency) he Chinese currency Renminbi, or the yuan, strengthened 16 basis points to 6.1108 against the US dollar on Tuesday, the China Foreign Exchange Trading System reported.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1% from the central parity rate each trading day, according to (Xinhua) news agency
The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day.
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