United States Dollar vs China Yu (FX:USDCNY)
3 Years : From Nov 2011 to Nov 2014
The Chinese yuan fell against the U.S. currency in early Asian deals on Thursday. The yuan that closed yesterday's deals at 6.3607 per dollar dropped to 6.3647 in a gap of 3 days. On the downside, the yuan may target 6.37 level.
The People's Bank of China set today's central parity rate for the yuan at 6.3040 per dollar, lower than Wednesday's daily reference rate of 6.3004. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 1 percent from the level.