BEIJING, July 5 (Xinhua) — China’s yuan weakened in opposition to a basket of currencies in June, in accordance with the China Foreign Exchange Trade System (CFETS).
At the top of June, the CFETS yuan alternate price composite index, which measures the yuan’s power relative to a basket of currencies, edged down 1.75 p.c from the top of May to 96.74, in accordance with the CFETS.
The index compares the yuan with the worth of 24 currencies, together with the U.S. dollar, euro and Japanese yen.
Last month, the index measuring the yuan in opposition to the Bank for International Settlements forex basket dropped 1.84 p.c month on month to 100.98.
The index measuring the yuan in opposition to the Special Drawing Rights basket went down 2.39 p.c from the earlier month to 92.17.