Chinese Yuan Falls To 5-day Low Against U.S. Dollar
08 April 2015 - 12:24PM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the Asian
session on Wednesday.
Against the greenback, the yuan fell to a 5-day low of 6.2073.
At yesterdays close, the yuan was trading at 61960 against the
greenback.
If the yuan extends its downtrend, it is likely to find support
around the 6.28 area.
The People Bank of China set today's central parity rate for
yuan at 6.1345 per dollar, compared to Tuesday's reference rate of
6.1305. The central bank sets the reference rate every morning and
allows the currency to move upto 2 percent from that level.
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