Yuan Weakens to 6.7829 Against USD Amid Wednesday Trading
The Chinese yuan weakened to 6.7829 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System.
This represents a decrease of 20 pips from the previous central parity rate.
In China's spot foreign exchange market, the yuan is allowed to fluctuate by up to 2 percent from the central parity rate each trading day.