Markets

China's yuan weakens against US dollar Thursday

(Xinhua)
Updated: 2010-08-12 10:15

BEIJING - The value of China's currency Renminbi (RMB) continued to weaken against the US dollar Thursday as the central parity rate of the yuan was set at 6.8015 per US dollar, higher than the 6.7768 Wednesday, according to the data released by the China Foreign Exchange Trading System.

Related readings:  Yuan focus must shift from dollar  China's yuan stronger against US dollar Friday  Yuan hit record high against USD Monday

China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.