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People's Daily Online>>China Business

Yuan retreats to 6.291 USD Wednesday

(Xinhua)

11:13, March 28, 2012

BEIJING, March 28 (Xinhua) -- The Chinese currency Renminbi, or the yuan, retreated to 6.291 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 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.

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