Chinese yuan weakens to 6.8998 against dollars

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 81 pips to 6.8998 against the dollar on Monday, according to the China Foreign Exchange Trade System.

A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. – The Chinese currency steadied on August 6, a day after Beijing let the yuan weaken against the dollar, sending markets into freefall and leading the US to formally designate China a “currency manipulator”. (Photo by STR / AFP) / China OUT