Chinese Yuan Strengthens To 5-day High Against U.S. Dollar
28 Junio 2020 - 9:37PM
RTTF2
The Chinese yuan firmed against the U.S. dollar in the Asian
session on Monday.
The yuan rose to a 5-day high of 7.0716 against the greenback,
from a 6-day low of 7.0819 seen earlier in the session. The next
possible resistance for the yuan is seen around the 6.8 level.
The People's Bank of China set today's central parity rate of
the yuan at 7.0808 per dollar. Chinese markets were shut for the
Dragon Boat Festival holiday on Thursday and Friday. 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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