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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Chinese Yuan Renminbi | FX:USDCNY | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.2373 | 7.2363 | 7.2383 | 7.2373 | 7.2373 | 0 | 01:00:00 |
The Chinese yuan weakened against the U.S. dollar in the late Asian session on Friday.
Against the greenback, the yuan fell to a 2-day low of 6.2100. At yesterday's close, the yuan was trading at 6.1875 against the greenback.
If the yuan extends its downtrend, it is likely to find support around the 6.22 area.
The People Bank of China set today's central parity rate for yuan at 6.1188 per dollar, compared to Friday's reference rate of 6.1193. The central bank sets the reference rate every morning and allows the currency to move upto 2 percent from that level.
Traders await the nation's GDP data due next week.
1 Year US Dollar vs CNY Chart |
1 Month US Dollar vs CNY Chart |
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