FOREX TradingCharts.com

Forex News: Chinese Yuan Slides To Weekly Low Versus U.S.

Chinese Yuan Slides To Weekly Low Versus U.S. Dollar

01/06/2020 - 02:16:00 (RTTNews)

(RTTNews) - The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday, amid heightened tensions in Middle East following Iran's threat of retaliation against U.S air strike last week.

Iran said that it would revenge against the U.S. killing of Soleimani and it will no longer abide by the limits on uranium enrichment contained in the 2015 nuclear deal.

The yuan hit a weekly low of 6.9785 against the greenback from Friday's closing value of 6.9640. The yuan may locate support around the 7.1 mark.

The People's Bank of China set today's central parity rate of the yuan at 6.9718 per dollar, compared to Friday's rate of 6.9681. 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) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Euro Strengthens As German Economic Sentiment Improves Notably (04 hr(s), 53 min(s), 18 sec(s) ago)
(RTTNews) - The euro appreciated against its most major opponents in the European session on Tuesd ...Full Story»

Pound Climbs As U.K. Employment Rate Hits Record High (05 hr(s), 56 min(s), 18 sec(s) ago)
(RTTNews) - The pound gained ground against its major counterparts in the European session on Tues ...Full Story»

Pound Climbs As U.K. Jobless Rate Hits Record High (06 hr(s), 05 min(s), 18 sec(s) ago)
(RTTNews) - The pound gained ground against its major counterparts in the European session on Tues ...Full Story»

Euro Mixed Following German ZEW Economic Sentiment Index (07 hr(s), 14 min(s), 18 sec(s) ago)
(RTTNews) - At 5.00 am ET Tuesday, Germany's ZEW economic confidence survey results have been ...Full Story»

Euro Mixed Ahead Of German ZEW Economic Sentiment Index (07 hr(s), 26 min(s), 18 sec(s) ago)
(RTTNews) - At 5.00 am ET Tuesday, Germany's ZEW economic confidence survey results are due. T ...Full Story»

Pound Climbs After UK Unemployment Data (07 hr(s), 47 min(s), 18 sec(s) ago)
(RTTNews) - Following the release of UK unemployment data at 4.30 am ET Tuesday, the pound advance ...Full Story»

Pound Recovers Vs Most Majors Ahead Of UK Unemployment Data (07 hr(s), 53 min(s), 18 sec(s) ago)
(RTTNews) - At 4.30 am ET Tuesday, the Office for National Statistics is set to release UK unemplo ...Full Story»

Chinese Yuan Drops To 6-day Low Versus U.S. Dollar (10 hr(s), 23 min(s), 18 sec(s) ago)
(RTTNews) - The Chinese yuan slipped against the U.S. dollar in Asian trading on Tuesday, amid con ...Full Story»

Search

FOREX NEWS

Euro Strengthens As German Economic Sentiment Improves Notably

01/21/2020 - 07:28 AM (RTTNews)
(RTTNews) - The euro appreciated against its most major opponents in the European session on Tuesd ...Full Story>>

Pound Climbs As U.K. Employment Rate Hits Record High

01/21/2020 - 06:25 AM (RTTNews)
(RTTNews) - The pound gained ground against its major counterparts in the European session on Tues ...Full Story>>

Pound Climbs As U.K. Jobless Rate Hits Record High

01/21/2020 - 06:15 AM (RTTNews)
(RTTNews) - The pound gained ground against its major counterparts in the European session on Tues ...Full Story>>

Euro Mixed Following German ZEW Economic Sentiment Index

01/21/2020 - 05:06 AM (RTTNews)
(RTTNews) - At 5.00 am ET Tuesday, Germany's ZEW economic confidence survey results have been ...Full Story>>

Euro Mixed Ahead Of German ZEW Economic Sentiment Index

01/21/2020 - 04:56 AM (RTTNews)
(RTTNews) - At 5.00 am ET Tuesday, Germany's ZEW economic confidence survey results are due. T ...Full Story>>
Copyright © 2020. 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.