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Chinese Yuan Weakens To 7.0948 Against USD Thursday

March 29, 2024

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BEIJING, March 28 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, weakened 2 pips to 7.0948 against the U.S. dollar Thursday, 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.

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