# Chinese yuan weakens to 6.8990 against USD Thursday - Global Times

> The central parity rate for the yuan weakened 2 basis points to 6.8990 per dollar on Thursday, according to the China Foreign Exchange Trade System. The spot market allows the yuan to move 2% either side of the parity rate each day. The parity is set from a weighted average of market maker quotes before the interbank market opens.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/59277-chinese-yuan-weakens-to-6-8990-against-usd-thursday-global-times
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

This is a routine fixing move that signals only a marginal change in the yuan's policy-managed path, with little direct effect on feed commodity prices.

## Sources

- globaltimes.cn: https://www.globaltimes.cn/page/201905/1152333.shtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.