We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0023 | 0.03% | 7.241 | 7.24 | 7.242 | 7.2445 | 7.23205 | 7.2387 | 0 | 18:14:42 |
From Apr 2019 to Apr 2024
The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday after China's central bank cut its benchmark interest rate during the weekend.
China's central bank announced Saturday its decision to lower key interest rates by 25 basis points. The bank cut its one-year lending rate by 0.25 percentage points to 5.35 percent and the deposit rates by 0.25 percentage points to 2.5 percent.
The move is expected to stimulate the world's second-largest economy amid concerns of slowing economic growth.
Against the greenback, the yuan fell to a 28-month low of 6.2749. At Friday's close, the yuan was trading at 6.2589 against the greenback.
If the yuan extends its downtrend, it is likely to find support around the 6.35 area.
1 Year US Dollar vs CNY Chart |
1 Month US Dollar vs CNY Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
