Chinese Yuan Falls To More Than 1-year Low Against U.S. Dollar

2024-12-18 4282
(fxcue news) - 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.
Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/344269.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights

Please sign in

关注我们的公众号

微信公众号