Markets

China's yuan weaker against US dollar Thursday

(Xinhua)
Updated: 2010-08-05 10:51

BEIJING - The central parity rate of the yuan, China's currency Renminbi (RMB), retreated to 6.7783 per US dollar Thursday from 6.7715 per US dollar Wednesday, according to the data released by the China Foreign Exchange Trading System.

Related readings:  Yuan and absurdity of US demand  China's yuan stronger against US dollar Thursday  Yuan hit record high against USD Monday  Yuan hits new record high against USD Friday

The central parity rate of the yuan advanced to a record high against US dollar Wednesday from 6.7722 per US dollar Tuesday.

China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.