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Chinese yuan strengthens to 6.116 against USD Friday

(Xinhua)    10:10, July 03, 2015
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BEIJING, July 3 -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened by 11 basis points to 6.116 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading 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 U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Zhang Qian,Yao Chun)

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