The central parity rate of the Chinese currency renminbi, or the yuan, weakened 85 pips to 6.9141 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 6.9141 against USD Friday
Global economic growth is projected to ease to 2.9 percent in 2026 from 3.3 percent in 2025, before edging up to 3.0 percent in 2027, the Organization for Economic Cooperation and Development (OECD) said in its latest Economic Outlook on Thursday.
The report said that the evolving conflict in the Middle East will test the resilience of the global economy. A prolonged period of higher energy prices would add markedly to business costs, raise consumer price inflation, and have adverse consequences for growth.
According to the report, economic growth in the United States will moderate from 2.0 percent in 2026 to 1.7 percent in 2027, as strong AI-related investment is gradually offset by a slowdown in real income growth and consumer spending.
In the Eurozone, economic growth is expected to ease to 0.8 percent in 2026, as higher energy prices weigh on activity, before rising to 1.2 percent in 2027, supported by stronger defense spending.
The report said that the global economic outlook remains highly uncertain. The projections were based on the assumption that current disruptions to global energy supply will gradually moderate from mid-2026 onwards. Persistent disruptions to exports from the Middle East could push energy prices even higher, aggravate shortages of key commodities, add to inflation, and reduce growth.
OECD sees global growth at 2.9 pct in 2026 amid Middle East tensions
