BEIJING, Aug. 23 (Xinhua) — The Chinese yuan weakened towards a basket of currencies final week, in line with the China Foreign Exchange Trade System (CFETS).
The CFETS yuan alternate charge composite index, which measures the yuan’s energy relative to a basket of currencies, decreased 0.28 factors from the earlier week to 97.19, in line with the CFETS.
The index compares the yuan’s worth with the worth of 24 currencies, together with the U.S. dollar, the euro, and the Japanese yen.
Last week additionally noticed an index measuring the yuan towards the Bank for International Settlements forex basket edge down 0.14 factors from the earlier week to 101.63.
The index measuring the yuan towards the Special Drawing Rights basket fell 0.41 factors week on week to 92.08.