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皇冠体育app's yuan weakens against US dollar Monday

(Xinhua)
Updated: 2010-09-27 10:27
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BEIJING - The central parity rate of the yuan, 皇冠体育app's currency Renminbi (RMB), dropped 101 basis points, or 0.15 percent, Monday to 6.7098 per US dollar, according to the data released by the 皇冠体育app Foreign Exchange Trading System.

The Chinese currency gained for eight consecutive days in previous trading.

皇冠体育app'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.