Chinese Yuan Weakens to 6.8435 Against U.S. Dollar on May 18

According to the interbank foreign exchange market on May 18, the yuan weakened against major currencies, with the USD/CNY midpoint rate rising 20 basis points to 6.8435, reflecting yuan depreciation. The EUR/CNY rate declined 239 basis points to 7.9295, while GBP/CNY fell 458 basis points to 9.0891.
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