Chinese Yuan Rises To 2-day High Against U.S. Dollar
June 10 2015 - 3:08AM
RTTF2
The Chinese yuan strengthened against the U.S. dollar ahead of
European session on Wednesday.
Against the greenback, the yuan rose to a 2-day high of 6.2049
from an early low of 6.2057.
If the yuan extend its uptrend, it is likely to find resistance
around the 6.17 area.
The People Bank of China set today's central parity rate for
yuan at 6.1173 per dollar, compared to Tuesday's reference rate of
6.1179. 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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