BEIJING, Nov. 6 (Xinhua) — Chinese yuan weakened towards a basket of currencies final week, in response to the China Foreign Exchange Trade System (CFETS).
The CFETS yuan trade price composite index, which measures the yuan’s energy relative to a basket of currencies, misplaced 0.2 factors from the earlier week to 99.11, in response to 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 foreign money basket edge down 0.18 factors from the earlier week to 103.88.
The index measuring the yuan towards the Special Drawing Rights basket went down 0.02 factors week on week to 93.98.