China's yuan weakens against USD Tuesday
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The central parity rate of the yuan, China's currency Renminbi (RMB), weakened to 6.7745 per U.S. dollar Tuesday from 6.7685 per U.S. dollar Monday, according to the data released by the China Foreign Exchange Trading System.
China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
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