(Yicai Global) Dec. 15 -- The People's Bank of China weakened the yuan by 73 basis points against the US dollar to 6.5434 this morning, putting an end to a three-day period of strengthening the central parity rate.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below the midpoint.

Editor: Emmi Laine