Investing.com - The yuan's central parity rate against the U.S. dollar was set at 6.5628 Tuesday, slightly weaker than Monday's 6.5626 level set by the People's Bank of China.
On July 21, 2005, China freed the yuan from its longstanding peg to the dollar in favor of a managed float with reference to a basket of currencies. From March 17, 2014, the yuan is allowed to move 2% either side of the daily fixing against the dollar.