Chinese Yuan Falls To 2-day Low Against U.S. Dollar
January 16 2015 - 1:27AM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the late
Asian session on Friday.
Against the greenback, the yuan fell to a 2-day low of 6.2100.
At yesterday's close, the yuan was trading at 6.1875 against the
greenback.
If the yuan extends its downtrend, it is likely to find support
around the 6.22 area.
The People Bank of China set today's central parity rate for
yuan at 6.1188 per dollar, compared to Friday's reference rate of
6.1193. The central bank sets the reference rate every morning and
allows the currency to move upto 2 percent from that level.
Traders await the nation's GDP data due next week.
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
