Chinese Yuan Climbs To 5-day High Against U.S. Dollar
2020年2月11日 - 12:21PM
RTTF2
The Chinese yuan spiked up against the U.S. dollar in the Asian
session on Tuesday, after Chinese President Xi Jinping vowed to win
the fight against the coronavirus outbreak.
Jinping said in remarks on state television that China will
speed up the development of drugs aimed at treating the deadly
pneumonia-like virus.
The yuan climbed to a 5-day high of 6.9672 against the greenback
from Monday's closing value of 6.9819. The yuan is likely to locate
resistance around the 6.7 level.
The People's Bank of China set today's central parity rate of
the yuan at 6.9897 per dollar, compared to Monday's rate of 6.9863.
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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