Chinese Yuan Falls To 6-day Low Against U.S. Dollar

RTTNews | 644 days ago
Stocktwits
Chinese Yuan Falls To 6-day Low Against U.S. Dollar

(RTTNews) - 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.

Tags: USDCNY
Stocktwits
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The Chinese yuan weakened against the U.S. dollar in the European session on Tuesday, amid concerns about possible tariffs on Chinese imports by U.S. President-Elect Donald Trump.
RTTNews | 356 days ago
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The Chinese yuan strengthened against the U.S. dollar in the European session on Tuesday, after China's central bank unveiled its biggest stimulus since the pandemic to support the economy and counter a prolonged downturn in the property sector.
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