Chinese Yuan Falls To 5-day Low Against U.S. Dollar
August 14 2016 - 9:34PM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the Asian
session on Monday.
Against the greenback, the yuan fell to a 5-day low of 6.6480
from an early high of 6.6324.
If the yuan extends its downtrend, it is likely to find support
around the 6.68 area.
The People Bank of China set today's central parity rate for
yuan at 6.6430 per dollar, compared to Friday's reference rate of
6.6543. 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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