Markets

RMB retreats to 6.4830 against US dollar - Jun 9

(Xinhua)
Updated: 2011-06-09 11:20

BEIJING -- The Chinese currency renminbi, or the yuan,lost 35 basis points to 6.4830 per US dollar on Thursday, according to the China Foreign Exchange Trading system.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the renminbi against the US dollar is based on a weighted average of prices before the opening of the market each business day.