JABAR EKSPRES – The yuan’s middle rate trimmed 107 basis points to 7.2208 against the U.S. dollar in Thursday trading, extending the decline for the sixth consecutive session, according to the China Foreign Exchange Trading System.
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In China’s foreign exchange spot market, the yuan is allowed to rise or fall by 2.0 percent from its middle parity rate each trading day.
The middle rate of the yuan against the US dollar is based on a weighted average of prices offered by market participants before the opening of the interbank money market on each business day.
