Chinese Yuan Falls To Half-year Low Against U.S. Dollar
June 07 2023 - 8:37PM
RTTF2
The Chinese yuan weakened against the U.S. dollar in the Asian
session on Thursday amid concerns over slowing economic growth
across the globe.
Against the greenback, the yuan fell to 7.1416 for the first
time since 30th November 2022. The USD/CNY pair closed yesterday's
trading at 7.1285.
If the yuan extends its downtrend, it is likely to find support
around the 7.24 area.
US Dollar vs CNY (FX:USDCNY)
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US Dollar vs CNY (FX:USDCNY)
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