United States Dollar vs China Yu (FX:USDCNY)
2 Years : From Mar 2012 to Mar 2014
After climbing against the U.S. dollar in early Asian trading on Thursday, the Chinese yuan pared gains slightly shortly thereafter. The yuan is now trading at 6.3872 against the greenback, compared to a 2-day high of 6.3853 hit in previous trading. The pair ended yesterday's deals at 6.3895.
The People's Bank of China set today's central parity rate for the yuan at 6.3381 per dollar, compared to yesterday's daily reference rate of 6.3429. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 1 percent from the level.