Chinese yuan weakens to 6.7146 against USD Monday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 8 pips to 6.7146 against the U.S. dollar on Monday, 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 6.7146 against USD Monday

Chinese yuan weakens to 6.7146 against USD Monday

Chinese President Xi Jinping and Sultan Haitham Bin Tarik Al Said of Oman will attend a signing ceremony of cooperation documents at the Great Hall of the People in Beijing on Monday.

Sultan Haitham is paying a state visit to China from Sunday to Monday at the invitation of President Xi.

Xi, Oman's Sultan to attend document signing ceremony