China's yuan weakens against USD Monday
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The central parity rate of the yuan, China's currency Renminbi (RMB), weakened to 6.7800 per U.S. dollar Monday from 6.7718 per U.S. dollar Friday, according to the data released by the China Foreign Exchange Trading System.
China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
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