Chinese Yuan Rises To 2-day High Against U.S. Dollar
May 28 2015 - 1:14AM
RTTF2
The Chinese yuan strengthened against the U.S. dollar in the
late Asian session on Thursday.
Against the greenback, the yuan rose to a 2-day high of
6.2012.
If the yuan extends its uptrend, it is likely to find resistance
around the 6.18 area.
The People Bank of China set today's central parity rate for
yuan at 6.1202 per dollar, compared to Wednesday's reference rate
of 6.1198. The central bank sets the reference rate every morning
and allows the currency to move upto 2 percent from that level.
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