Chinese Yuan Falls To 6-day Low Against U.S. Dollar
29 January 2024 - 1:41PM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the Asian
session on Monday.
Against the U.S. dollar, the yuan fell to a 6-day low of 7.1833
from Friday's closing value of 7.1763.
If the yuan extends its downtrend, it is likely to find support
around the 7.22 region.
The People's Bank of China sets central parity rate every
morning and allows the yuan to fluctuate up to 2 percent from that
level.
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