FOREX TradingCharts.com

Forex News: Chinese Yuan Climbs To 3-month High Against U.S.

Chinese Yuan Climbs To 3-month High Against U.S. Dollar

11/05/2019 - 03:18:00 (RTTNews)

(RTTNews) - The Chinese yuan gained ground against the U.S. dollar in Asian trading on Tuesday, as progress in U.S.-China trade talks raised hopes of an imminent preliminary deal by this month.

Media reports suggested that China is pushing U.S. President Donald Trump to remove some tariffs on Chinese goods as part of a "phase one" U.S.-China trade deal.

The yuan advanced to 6.99 against the greenback, its highest since August 5. The yuan is seen finding resistance around the 6.8 mark.

The People's Bank of China set today's central parity rate of the yuan at 7.0385 per dollar, compared to Monday's rate of 7.0382. The Chinese central bank sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Euro Mixed After ECB Minutes (09 hr(s), 51 min(s), 01 sec(s) ago)
(RTTNews) - The euro showed mixed trading against its major counterparts in the European session o ...Full Story»

Dollar Little Changed After U.S. Weekly Jobless Claims (10 hr(s), 54 min(s), 01 sec(s) ago)
(RTTNews) - Following the release of the U.S. weekly jobless claims for the week ended November 16 ...Full Story»

Dollar Mixed Ahead Of U.S. Weekly Jobless Claims (11 hr(s), 0 min(s),01 sec(s) ago)
(RTTNews) - The U.S. weekly jobless claims for the week ended November 16 are due at 8.30 am ET Th ...Full Story»

Euro Little Changed Following ECB Minutes (11 hr(s), 51 min(s) ago)
(RTTNews) - After the release of the European Central Bank's account of the monetary policy me ...Full Story»

Euro Mixed Ahead Of ECB Minutes (11 hr(s), 57 min(s), 01 sec(s) ago)
(RTTNews) - At 7.30 am ET Thursday, the European Central Bank is set to publish account of the mon ...Full Story»

Pound Rises As Conservative Continue Lead Over Labour (12 hr(s), 06 min(s), 01 sec(s) ago)
(RTTNews) - The pound strengthened against its major counterparts in the European session on Thurs ...Full Story»

Pound Advances Against Majors (13 hr(s), 12 min(s), 01 sec(s) ago)
(RTTNews) - The pound climbed against its major counterparts in the European session on Thursday. ...Full Story»

Pound Little Changed After UK Public Sector Finance Data (14 hr(s), 51 min(s), 01 sec(s) ago)
(RTTNews) - At 4.30 am ET Thursday, the Office for National Statistics has published UK public sec ...Full Story»

Search

FOREX NEWS

Euro Mixed After ECB Minutes

11/21/2019 - 09:35 AM (RTTNews)
(RTTNews) - The euro showed mixed trading against its major counterparts in the European session o ...Full Story>>

Dollar Little Changed After U.S. Weekly Jobless Claims

11/21/2019 - 08:32 AM (RTTNews)
(RTTNews) - Following the release of the U.S. weekly jobless claims for the week ended November 16 ...Full Story>>

Dollar Mixed Ahead Of U.S. Weekly Jobless Claims

11/21/2019 - 08:26 AM (RTTNews)
(RTTNews) - The U.S. weekly jobless claims for the week ended November 16 are due at 8.30 am ET Th ...Full Story>>

Euro Little Changed Following ECB Minutes

11/21/2019 - 07:35 AM (RTTNews)
(RTTNews) - After the release of the European Central Bank's account of the monetary policy me ...Full Story>>

Euro Mixed Ahead Of ECB Minutes

11/21/2019 - 07:27 AM (RTTNews)
(RTTNews) - At 7.30 am ET Thursday, the European Central Bank is set to publish account of the mon ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.