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Forex News: Chinese Yuan Falls To 6-day Low Against U.S.

Chinese Yuan Falls To 6-day Low Against U.S. Dollar

01/29/2024 - 02:41:00 (RTTNews)

(RTTNews) - The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday.

Against the U.S. dollar, the yuan fell to a 6-day low of 7.1833 from Friday's closing value of 7.1763.

If the yuan extends its downtrend, it is likely to find support around the 7.22 region.

The People's Bank of China sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.

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