Chinese Yuan Advances To 4-day High Against U.S. Dollar
March 05 2015 - 11:26PM
RTTF2
The Chinese yuan strengthened against the U.S. dollar in the
Asian session on Friday.
Against the greenback, the yuan rose to a 4-day high of 6.2634.
At yesterday's close, the yuan was trading at 6.2663 against the
greenback.
If the yuan extends its uptrend, it is likely to find resistance
around the 6.20 area.
The People Bank of China set today's central parity rate for
yuan at 6.1533 per dollar, compared to Thursday's reference rate of
6.1528. The central bank sets the reference rate every morning and
allows the currency to move upto 2 percent from that level.
US Dollar vs CNY (FX:USDCNY)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs CNY (FX:USDCNY)
Forex Chart
From Apr 2023 to Apr 2024
