Chinese yuan weakens to 7.1270 against USD Thursday

BEIJING, June 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 22 pips to 7.1270 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

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. dol