The Chinese yuan came off from its early high against the U.S. dollar in late Asian deals on Tuesday.
The yuan was trading at 6.5498 per dollar, down from an early 3-1/2-month high of 6.5329. The pair finished Monday’s deals at 6.5379.
The People’s Bank of China set today’s central parity rate of the yuan at 6.5416 per dollar, compared to yesterday’s rate of 6.5683. The Chinese central bank sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
