The central parity rate of the Chinese currency renminbi, or the yuan, weakened 14 pips to 7.0187 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by two 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.
Chinese yuan weakens to 7.0187 against USD Wednesday
United Nations (UN) Secretary-General Antonio Guterres on Thursday reiterated his call for the United States and Israel to stop the war against Iran, and for Iran to stop attacking its neighbors.
Noting that the impacts of the conflict are being felt everywhere, Guterres warned that the world is on the edge of a wider war that would engulf the whole Middle East with dramatic impacts around the globe.
The secretary-general said that "the Middle East crisis has lurched into its second month", and warned that the scale of devastation, indiscriminate attacks, and targeting of civilians and civilian infrastructure are all growing.
"My message is clear. To the United States and Israel, it is high time to stop the war that is inflicting immense human suffering and already triggering devastating economic consequences. To Iran, to stop attacking their neighbors. The Security Council has condemned these attacks and reaffirmed the need to respect navigational rights and freedoms along critical maritime routes, including the Strait of Hormuz. Conflicts do not end on their own. They end when leaders choose dialog over destruction. That choice still exists, and it must be made now," he said.
Guterres said diplomatic efforts are underway to find a peaceful path forward, which "deserve the space and support to succeed -- anchored firmly in international law, including the UN Charter".
UN chief renews call for U.S., Israel to stop war against Iran
