The central parity rate of the Chinese currency renminbi, or the yuan, weakened 34 pips to 6.8616 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 6.8616 against USD Thursday
The U.S. dollar weakened in late trading on Wednesday.
The dollar index, which measures the greenback against six major peers, dropped 0.07 percent to 98.056 at 3 p.m. (1900 GMT).
In late New York trading, the euro added to 1.1800 U.S. dollars from 1.1795 dollars in the previous session, and the British pound was up to 1.3572 dollars from 1.3568 dollars in the previous session.
The U.S. dollar bought 159.03 Japanese yen, higher than 158.82 Japanese yen of the previous session. The U.S. dollar rose to 0.7819 Swiss francs from 0.7810 Swiss francs, and it was down to 1.3729 Canadian dollars from 1.3776 Canadian dollars. The U.S. dollar lost to 9.1580 Swedish kronor from 9.1810 Swedish kronor.
U.S. dollar ticks down
