Chinese Yuan Off 3-1/2-month High Against U.S. Dollar
December 25 2017 - 8:33PM
RTTF2
The Chinese yuan came off from its early high against the U.S.
dollar in late Asian deals on Tuesday.
The yuan was trading at 6.5498 per dollar, down from an early
3-1/2-month high of 6.5329. The pair finished Monday's deals at
6.5379.
The People's Bank of China set today's central parity rate of
the yuan at 6.5416 per dollar, compared to yesterday's rate of
6.5683. The Chinese central bank sets central parity rate every
morning and allows the yuan to fluctuate up to 2 percent from that
level.
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