Chinese yuan weakens to 6.7529 against USD Wednesday

BEIJING, July 26 (Xinhua) -- The central parity rate of the Chinese currency yuan weakened 44 basis points to 6.7529 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

(This article is generated by Xinhua News Robot.)