United States Dollar vs China Yu (FX:USDCNY)
3 Years : From Oct 2011 to Oct 2014
During the Asian session on Monday, the Chinese yuan spiked up against the U.S. dollar. The yuan is presently trading at a 4-day high of 6.3533 against the greenback, compared to last week's close of 6.3663. The next upside target level for the yuan is seen at 6.34.
The People's Bank of China set today's central parity rate for the yuan at 6.3005 per dollar, higher than Friday's daily reference rate of 6.3089. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 1 percent from the level.