China's yuan advances against USD Wednesday

File photo of Chinese Yuan banknotes

BEIJING - The Chinese currency Renminbi (RMB), or the yuan, on Wednesday gained 52 basis points from Tuesday to 6.5294 per US dollar.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the US dollar is based on a weighted average of prices before the opening of the market each business day.

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