BEIJING, Dec. 9 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 7.0773 against the U.S. dollar Tuesday, according to the 西瓜视频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. ■