The Chinese yuan weakened to a 1-month low 6.8459 against the U.S. dollar in early deals on Friday. The next downside target level for the Chinese currency is seen at 6.85. At yesterday's North American session close, the dollar-yuan pair was worth 6.8355.

The People's Bank of China has set today's central parity rate for the dollar-yuan pair at 6.8347. The pair is allowed to strengthen or weaken 0.5% from the parity rate.

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