United States Dollar vs China Yu (FX:USDCNY)
2 Years : From Mar 2012 to Mar 2014
Erasing its early losses, the Chinese yuan bounced back from a new 1-1/2-month low of 6.3285 against the U.S. dollar in the Asian session on Tuesday. The pair is now trading at 6.3240. The greenback-yuan pair ended Monday's deals at 6.3224.
The People's Bank of China set today's central parity rate for the yuan at 6.3110 per dollar, compared to Monday's daily reference rate of 6.3040. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 1 percent from the level.