BEIJING, July 17 (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 power relative to a basket of currencies, went down 0.9 factors from the earlier week to 95.94, 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 towards the Bank for International Settlements foreign money basket edge down 0.83 factors from the earlier week to 100.23.
The index measuring the yuan towards the Special Drawing Rights basket misplaced 0.39 factors week on week to 91.77.