Forex News: Chinese Yuan Falls To 8-day Low Against U.S.

Chinese Yuan Falls To 8-day Low Against U.S. Dollar

05/20/2025 - 00:20:00 (RTTNews)

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

Traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.

China also cut its benchmark lending rates for the first time in 7 months to boost its struggling economy amid rising trade tensions.

The People's Bank of China (PBOC), China's central bank, announced a reduction in Loan Prime Rates (LPRs) today. The one-year LPR was reduced from 3.1% to 3.0%, while the five-year LPR was decreased from 3.60% to 3.50%.

Against the U.S. dollar, the yuan fell to an 8-day low of 7.2248 from Monday's closing value of 7.2159.

If the yuan extends its downtrend, it is likely to find support around the 7.28 region.

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

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES

U.S. Dollar Declines After Softer-than-expected Inflation Data (05 hr(s), 03 min(s), 45 sec(s) ago)
(RTTNews) - The U.S. dollar dropped against its major counterparts in the New York session on Wedn ...Full Story»

Euro Rises Amid Risk-on Mood (14 hr(s), 12 min(s), 45 sec(s) ago)
(RTTNews) - The euro strengthened against other major currencies in the European session on Wednes ...Full Story»

Euro Rises Against Majors (14 hr(s), 21 min(s), 45 sec(s) ago)
(RTTNews) - The euro strengthened against other major currencies in the European session on Wednes ...Full Story»

Commodity Currencies Slide Amid Crude Oil Price Drop (16 hr(s), 42 min(s), 45 sec(s) ago)
(RTTNews) - The commodity currencies such as the Australia, the New Zealand and the Canadian dolla ...Full Story»

Canadian Dollar Appreciates Amid Risk Appetite (05 hr(s), 21 min(s), 45 sec(s) ago)
(RTTNews) - The Canadian dollar climbed against its major counterparts in the New York session on ...Full Story»

Yen Recovers Amid BoJ Rate Hike Speculation (14 hr(s), 57 min(s), 45 sec(s) ago)
(RTTNews) - The Japanese yen recovered from early lows against other major currencies in the Europ ...Full Story»

Pound Slides On Weak U.K. Employment Data (17 hr(s), 12 min(s), 45 sec(s) ago)
(RTTNews) - The British pound weakened against other major currencies in the early European sessio ...Full Story»

Pound Slides Against Majors (17 hr(s), 33 min(s), 45 sec(s) ago)
(RTTNews) - The British pound weakened against other major currencies in the early European sessio ...Full Story»

Forex News: Chinese Yuan Falls To 8-day Low Against U.S.

Chinese Yuan Falls To 8-day Low Against U.S. Dollar

RECENT FOREX and ECONOMIC NEWS STORIES

FOREX NEWS

U.S. Dollar Declines After Softer-than-expected Inflation Data

Euro Rises Amid Risk-on Mood

Euro Rises Against Majors

Commodity Currencies Slide Amid Crude Oil Price Drop

Canadian Dollar Appreciates Amid Risk Appetite