United States Dollar vs China Yu (FX:USDCNY)
3 Years : From May 2012 to May 2015
The Chinese yuan declined against the U.S. dollar on Monday in Asia. The yuan fell to 6.3742 against the greenback for the first time June 18. On the downside, the yuan may target 6.38 level.
The People's Bank of China set today's central parity rate for the yuan at 6.3230 per dollar, lower than Thursday's daily reference rate of 6.3040. China stock market was closed on Friday for Dragon Boat Festival. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 1 percent from the level.