Chinese Yuan Drops To 2-day Low Against U.S. Dollar
2020年6月17日 - 11:57AM
RTTF2
The Chinese yuan declined against the U.S. dollar in the Asian
session on Wednesday, as rising coronavirus infections in Beijing
and a border dispute between China and India dampened
sentiment.
Beijing reported 31 new cases of novel coronavirus for June 16,
taking the total number of cases to 137 in six days.
Geopolitical tensions increased after India-China border clash
killed twenty Indian soldiers.
The yuan declined to a 2-day low of 7.0964 against the greenback
from Tuesday's closing value of 7.0855. The yuan is seen finding
support around the 7.2 mark.
The People's Bank of China set today's central parity rate of
the yuan at 7.0873 per dollar, compared to Tuesday's rate of
7.0755. 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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