The central parity rate of the Chinese currency renminbi, or the yuan, weakened 5 pips to 6.8431 against the U.S. dollar Wednesday, 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 6.8431 against USD Wednesday
Iran has set out five conditions for entering a new round of negotiations with the United States, Iran's semi-official Fars news agency reported on Tuesday.
A source familiar with the matter said that Iran is demanding an end to all fronts of war, especially in Lebanon, the lifting of sanctions, the release of frozen Iranian assets, compensation for war damages, and recognition of Iran's authority over the Strait of Hormuz.
Iran's Deputy Foreign Minister Kazem Gharibabadi said on social media platform on the same day that true peace cannot be built on coercive policies.
He said that Iran's principles are clear, including a permanent end to the war and guarantees against its recurrence, compensation for damage, the lifting of the blockade and illegal sanctions, and full respect for Iran's rights.
He also said that one cannot speak of a ceasefire while maintaining a blockade, claim to support diplomacy while intensifying sanctions, or advocate for regional stability while providing political and military support to a regime that is the source of aggression and instability.
Iran outlines preconditions for new talks with US
