United States Dollar vs China Yu (FX:USDCNY)
3 Years : From Dec 2010 to Dec 2013
In Asian deals on Friday, the Chinese yuan slipped to a 1-month low of 6.3715 against the U.S. dollar. If the yuan falls further, it may likely target the 6.380 level. The dollar-yuan pair ended yesterday's trading at 6.3635.
The People's Bank of China set today's central parity rate for the yuan at 6.3554 per dollar, compared to Thursday's daily reference rate of 6.3570.
The Chinese central bank sets the central parity rate every morning and allows the currency to strengthen or weaken 0.5 percent from that level.