Chinese Yuan Trades At Near 3-week Low Versus U.S. Dollar
November 20 2019 - 8:58PM
RTTF2
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.
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