Chinese Yuan Drops To Near 2-week Low Against U.S. Dollar
22 Enero 2020 - 8:46PM
RTTF2
The Chinese yuan slipped against the U.S. dollar in the Asian
session on Thursday, as fears of coronavirus outbreak dampened
sentiment.
The yuan weakened to near a 2-week low of 6.9337 against the
greenback from yesterday's closing value of 6.9039. The yuan is
likely to find support around the 7.00 mark.
The People's Bank of China set today's central parity rate of
the yuan at 6.8876 per dollar, compared to yesterday's rate of
6.8853. The Chinese central bank sets central parity rate every
morning and allows the yuan to fluctuate up to 2 percent from that
level.
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