The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 28 pips to 6.7670 against the U.S. dollar Tuesday, 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 6.7670 against USD Tuesday
The U.S. dollar strengthened in late trading on Monday.
The dollar index, which measures the greenback against six major peers, added 0.27 percent to 99.388 at 15:00. (1900 GMT).
In late New York trading, the euro fell to 1.1557 dollars from 1.1596 dollars in the previous session, and the British pound declined to 1.3511 dollars from 1.3525 dollars in the previous session.
The U.S. dollar bought 154.05 Japanese yen, higher than 153.72 Japanese yen of the previous session. The U.S. dollar was down to 0.8163 from 0.8166 Swiss francs, and it climbed to 1.3902 from 1.3865 Canadian dollars. The U.S. dollar rose to 9.7412 from 9.7044 Swedish kronor.
U.S. dollar ticks up
