Chinese Yuan Falls To 2-day Low Against U.S. Dollar
February 20 2015 - 1:47AM
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 6.2585
from an early high of 6.2530. At yesterday's close, the yuan was
trading at 6.2550 against the greenback.
If the yuan extends its downtrend, it is likely to find support
around the 6.26 area.
Chinese equity markets are be closed in observance of the Lunar
New Year holidays.
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