Chinese Yuan Rises To 4-day High Against U.S. Dollar
22 Agosto 2016 - 09:08PM
RTTF2
The Chinese yuan strengthened against the U.S. dollar in the
pre-European session on Tuesday.
Against the greenback, the yuan rose to a 4-day high of 6.6441
from an early low of 6.6565. At yesterday's close, the yuan was
trading at 6.6482 against the greenback.
If the yuan extends its uptrend, it is likely to find resistance
around the 6.58 area.
The People Bank of China set today's central parity rate for
yuan at 6.6586 per dollar, compared to Monday's reference rate of
6.665. 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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