Chinese Yuan Falls To More Than 1-month Low Against U.S. Dollar
(RTTNews) - 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.
The China's central bank left the rate on its one-year policy loans at 2.5 percent unexpectedly.
Against the greenback, the yuan fell to more than a 1-month low of 7.1803 from Friday's closing value of 7.1662.
If the yuan extends its downtrend, it is likely to find support around the 7.20 area.
The People's Bank of China 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
|
11 ngày trước
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
|
60 ngày trước
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
|
227 ngày trước
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
|
253 ngày trước
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
|
268 ngày trước
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
|
300 ngày trước
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
|
338 ngày trước
Chinese Yuan Rises To Near 2-month High Against U.S. Dollar
The Chinese yuan strengthened against the U.S. dollar in the Asian session on Wednesday.
RTTNews
|
382 ngày trước
