Chinese Yuan Rises To 2-day High Against U.S. Dollar
December 31 2015 - 7:21PM
RTTF2
The Chinese yuan strengthened against the U.S. dollar in the
Asian session on Friday.
In economic news, data from the National Bureau of Statistics
showed that China's official manufacturing Purchasing Managers'
Index or PMI came in at 49.7 in December, slightly better than 49.6
reported in November. The non-manufacturing PMI rose to 54.4, from
53.6 in November.
Against the greenback, the yuan rose to a 2-day high of
6.4895.
If the yuan extends its uptrend, it is likely to find resistance
around the 6.47 area.
US Dollar vs CNY (FX:USDCNY)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs CNY (FX:USDCNY)
Forex Chart
From Apr 2023 to Apr 2024
