The central parity rate of the Chinese currency renminbi, or yuan, weakened 34 pips to 7.1168 against the dollar on Wednesday, according to the China Foreign Exchange Trade System.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing.<br />The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump’s bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR
