BUSINESS

Yuan weakens to 7.0764 against dollar

Published

7 hours ago

December 9, 2025

Nana Musa

The central parity rate of the China’s renminbi, or the Yuan, slipped by 15 pips to 7.0764 to the dollar on Monday, signalling mild pressure on the currency.

The China Foreign Exchange Trade System confirmed the adjustment in its daily bulletin released to market participants.

Officials said the shift reflected broad market conditions and expectations shaped by global economic signals and domestic activity.

In China’s spot market, the Yuan may fluctuate by up to two per cent above or below the daily parity rate.

Traders monitor the band closely, as it guides currency movements and shapes short-term liquidity decisions.

The central parity rate is calculated using a weighted average of quotes submitted by market makers before interbank trading begins.

Analysts noted that modest changes in the fix often mirror shifts in global dollar demand and evolving trade flows.

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Nana Musa

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