Chinese Yuan Falls To 6-day Low Against U.S. Dollar
2019年12月18日 - 10:42AM
RTTF2
The Chinese yuan drifted lower against the U.S. dollar in Asian
deals on Wednesday, after China's central bank reduced its 14-day
reverse repurchase rate by five basis points.
The People's Bank of China lowered its rate on 14-day reverse
repo agreement to 2.65 percent from 2.7 percent. The central bank
also injected CNY 200 billion into the financial system via reverse
repurchase agreements.
The yuan declined to a 6-day low of 7.0078 against the greenback
from Tuesday's closing value of 6.9960. The yuan is seen finding
support around the 71.00 mark.
The People's Bank of China set today's central parity rate of
the yuan at 6.9969 per dollar, compared to Tuesday's rate of
6.9971. 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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