The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 2 pips to 7.1186 against the U.S. dollar Friday, 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.
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