The central parity rate of the Chinese currency renminbi, or the yuan, weakened four pips to 7.1010 against the dollar on Tuesday, according to the China Foreign Exchange Trade System.
A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. – The Chinese currency steadied on August 6, a day after Beijing let the yuan weaken against the dollar, sending markets into freefall and leading the US to formally designate China a “currency manipulator”. (Photo by STR / AFP) / China OUT
