BEIJING, May 10 (Xinhua) — China’s yuan weakened barely in opposition to a basket of currencies final month, based on the China Foreign Exchange Trade System (CFETS).
At the top of April, the CFETS yuan trade charge composite index, which measures the yuan’s power relative to a basket of currencies, went down 0.28 p.c from the top of March to 99.52, based on the CFETS.
The index compares the yuan with the worth of 24 currencies, together with the U.S. dollar, euro and Japanese yen.
Last month additionally noticed an index that measures the yuan in opposition to the Bank for International Settlements foreign money basket down 0.51 p.c from the earlier month to 103.89.
The index measuring the yuan in opposition to the Special Drawing Rights basket dropped 1.13 p.c month on month to 95.31.