Markets

China's yuan weakens against US dollar Wednesday

(Xinhua)
Updated: 2010-08-25 11:30

BEIJING - The value of China's currency Renminbi (RMB) weakened against the US dollar Wednesday as the central parity rate of the yuan was set at 6.8007 per US dollar, compared with the 6.7999 Tuesday, according to the data released by the China Foreign Exchange Trading System.

Related readings:  China's yuan weakens against US dollar Monday  China's yuan stronger against US dollar Friday  China's yuan weakens against US dollar Thursday

China's central bank announced on June 19 in 2010 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.