Chinese Yuan Falls To More Than 1-year Low Against U.S. Dollar
(RTTNews) - The Chinese yuan weakened against the U.S. dollar in the Asian session on Thursday.
Global markets were closed for Christmas holiday and the thin trading with some markets in the region closed in the holiday-shortened week.
Traders react to China's central bank holding the interest rate on the one-year medium-term lending facility at 2% on Wednesday.
Against the U.S. dollar, the yuan fell to more than a 1-year low of 7.3114 from yesterday's closing quotes of 7.2975.
If the yuan extends its downtrend, it is likely to find support around the 7.35 region.
The Chinese central bank sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.
read more
Chinese Yuan Falls On Trump Tariff Threats
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
|
45 일 전
Chinese Yuan Rises To 16-month High As China Steps Up Stimulus
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.
RTTNews
|
94 일 전
Chinese Yuan Slides To 8-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Thursday.
RTTNews
|
260 일 전
Chinese Yuan Falls To 8-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday.
RTTNews
|
287 일 전
Chinese Yuan Falls To 2-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday.
RTTNews
|
301 일 전
Chinese Yuan Falls To 6-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday.
RTTNews
|
333 일 전
Chinese Yuan Falls To More Than 1-month Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday, after the People's Bank of China (PBOC) left its medium-term policy rate unchanged.
RTTNews
|
347 일 전
Chinese Yuan Falls To 9-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday.
RTTNews
|
371 일 전
