BEIJING, March 27 (Xinhua) — China’s yuan weakened in opposition to a basket of currencies final week, in keeping with the China Foreign Exchange Trade System (CFETS).
The CFETS yuan trade price composite index, which measures the yuan’s power relative to a basket of currencies, went down 0.13 factors from the earlier week to 100.3, in keeping 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 week additionally noticed an index that measures the yuan in opposition to the Bank for International Settlements forex basket down 0.12 factors from the earlier week to 104.98.
The index measuring the yuan in opposition to the Special Drawing Rights basket gained 0.01 factors week on week to 97.03.