Chinese yuan weakens to 6.7665 against USD Thursday

BEIJING, May 9 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 69 basis points to 6.7665 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

The U.S. dollar weakened modestly against its major rivals in late trading on Wednesday amid traders' safe-haven buying of the Japanese yen.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 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 offered by market makers before the opening of the interbank market each business day.