The central parity rate of the Chinese currency renminbi, or the yuan, weakened 5 pips to 6.8654 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 6.8654 against USD Friday
The U.S. dollar weakened in late trading on Thursday.
The dollar index, which measures the greenback against six major peers, dropped by 0.33 percent to 98.819 at 3 p.m. (1900 GMT).
In late New York trading, the euro increased to 1.1710 dollars from 1.1683 dollars in the previous session, and the British pound was up to 1.3446 dollars from 1.3415 dollars in the previous session. The U.S. dollar bought 158.98 Japanese yen, higher than 158.51 Japanese yen of the previous session. The U.S. dollar declined to 0.7904 Swiss francs from 0.7914 Swiss francs, and it fell to 1.3822 Canadian dollars from 1.3849 Canadian dollars. The U.S. dollar lost to 9.2799 Swedish kronor from 9.3069 Swedish kronor.
U.S. dollar ticks down
