Chinese Yuan Falls To Near 3-week Low Against U.S. Dollar
16 Oktober 2023 - 3:01AM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the Asian
session on Monday.
Against the greenback, the yuan fell to nearly a 3-week low of
7.3098 from Friday's closing value of 7.3049.
If the yuan extends its downtrend, it is likely to find support
around the 7.33 region.
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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