Chinese yuan strengthens to 6.8184 against USD Wednesday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 3 pips to 6.8184 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 strengthens to 6.8184 against USD Wednesday

European stocks closed higher across the board on Tuesday, driven by strength in the technology sector after global semiconductor firm STMicroelectronics raised its earnings outlook.

The United Kingdom's FTSE 100 index rose 0.33 percent to 10,373.51 points. France's CAC 40 index gained 0.77 percent to finish at 8,209.09 points. Germany's DAX index advanced 0.48 percent to end the session at 25,124.17 points.

European stocks close higher