The central parity rate of the Chinese currency renminbi, or the yuan, weakened 18 pips to 6.9025 against the U.S. dollar Friday, 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 6.9025 against USD Friday
The U.S. dollar increased in late trading on Thursday.
The dollar index, which measures the greenback against six major peers, went up 0.56 percent to 99.316 at 15:00 (2000 GMT).
In late New York trading, the euro was down to 1.1583 dollars from 1.1625 dollars in the previous session, and the British pound fell to 1.3328 dollars from 1.3351 dollars in the previous session.
The U.S. dollar bought 157.77 Japanese yen, higher than 157.15 Japanese yen of the previous session. The U.S. dollar was up to 0.7827 Swiss francs from 0.7800 Swiss francs, and it increased to 1.3697 Canadian dollars from 1.3669 Canadian dollars. The U.S. dollar advanced to 9.2657 Swedish kronor from 9.1761 Swedish kronor.
U.S. dollar ticks up
