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HomeLatestChinese yuan weakens final week

Chinese yuan weakens final week

BEIJING, Aug. 29 (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 trade charge composite index, which measures the yuan’s power relative to a basket of currencies, misplaced 0.31 factors from the earlier week to 101.92, 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 forex basket down 0.27 factors from the earlier week to 107.27.

The index measuring the yuan in opposition to the Special Drawing Rights basket edged down 0.12 factors week on week to 100.37.