Chinese Yuan Appreciates To 4-day High Against U.S. Dollar
16 Agosto 2020 - 9:54PM
RTTF2
The Chinese yuan strengthened against U.S. dollar in the Asian
session on Monday, as China's central bank has injected liquidity
into the financial system.
The yuan rose to a 4-day high of 6.9352 against the greenback
from Friday's closing value of 6.9501. Further rally may take the
yuan to a resistance around the 6.8 area.
The People's Bank of China set today's central parity rate of
the yuan at 6.9362 per dollar, compared to Friday's rate of 6.9405.
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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