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China's yuan retreats against USD Monday

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BEIJING, July 18 (Xinhua) -- The Chinese currency Renminbi, or the yuan, lost 15 basis points to 6.4680 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.

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

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