BEIJING, May 8 (Xinhua) — China’s yuan weakened in opposition to a basket of currencies final week, in line with the China Foreign Exchange Trade System (CFETS).
The CFETS yuan change fee composite index, which measures the yuan’s energy relative to a basket of currencies, went down 0.25 factors from the earlier week to 99.27, in line 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 foreign money basket edge down 0.08 factors from the earlier week to 103.81.
The index measuring the yuan in opposition to the Special Drawing Rights basket gained 0.15 factors week on week to 95.46.