Chinese Yuan Falls To 9-day Low Against U.S. Dollar
December 21 2023 - 6:39PM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the Asian
session on Friday.
Against the greenback, the yuan fell to a 9-day low of 7.1508
from yesterday's closing value of 7.1381.
If the yuan extends its downtrend, it is likely to find support
around the 7.20 area.
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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