Chinese Yuan Falls To 2-day Low Against U.S. Dollar
March 12 2015 - 4:15AM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the late
Asian session on Thursday.
Against the greenback, the yuan fell to a 2-day low of 6.2647
from yesterday's closing quote of 6.2617.
If the yuan extends its downtrend, it is likely to find support
around the 6.29
The People Bank of China set today's central parity rate for
yuan at 6.1617 per dollar, compared to Wednesday's reference rate
of 6.1597. The central bank sets the reference rate every morning
and allows the currency to move upto 2 percent from that level.
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