The central parity rate of the Chinese currency renminbi, or the yuan, weakened 5 pips to 7.0019 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade 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.
Chinese yuan weakens to 7.0019 against USD Thursday
The U.S. dollar climbed in late trading on Wednesday.
The dollar index, which measures the greenback against six major peers, added 0.12 percent to 98.761 at 15:00 (2000 GMT).
In late New York trading, the euro dropped to 1.1682 dollars from 1.1712 dollars in the previous session, and the British pound was down to 1.3415 dollars from 1.3428 dollars in the previous session.
The U.S. dollar bought 158.50 Japanese yen, higher than 158.29 Japanese yen of the previous session. The U.S. dollar was up to 0.7964 Swiss francs from 0.7904 Swiss francs, and it fell to 1.3827 Canadian dollars from 1.3834 Canadian dollars. The U.S. dollar declined to 9.1111 Swedish kronor from 9.1369 Swedish kronor.
U.S. dollar ticks up
