Chinese Yuan At 3-day Low Against U.S. Dollar
June 20 2012 - 10:19PM
RTTF2
The Chinese yuan fell against the U.S. currency in early Asian
deals on Thursday. The yuan that closed yesterday's deals at 6.3607
per dollar dropped to 6.3647 in a gap of 3 days. On the downside,
the yuan may target 6.37 level.
The People's Bank of China set today's central parity rate for
the yuan at 6.3040 per dollar, lower than Wednesday's daily
reference rate of 6.3004. The Chinese central bank sets the central
parity rate every morning and allows the currency to fluctuate up
to 1 percent from the level.
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