The Chinese yuan slipped against the U.S. dollar in Asian deals on Thursday, as renewed doubts over a near-term U.S.-China trade pact dampened sentiment.

The yuan fell to near a 3-week low of 7.0444 per dollar, compared to Wednesday's closing value of 7.0343. The next possible support for the yuan is seen around the 7.2 level.

The People's Bank of China set today's central parity rate of the yuan at 7.0217 per dollar, compared to yesterday's rate of 7.0118. The Chinese central bank sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.

US Dollar vs CNY (FX:USDCNY)
Forex Chart
From Jul 2020 to Aug 2020 Click Here for more US Dollar vs CNY Charts.
US Dollar vs CNY (FX:USDCNY)
Forex Chart
From Aug 2019 to Aug 2020 Click Here for more US Dollar vs CNY Charts.