Chinese Yuan Rises To 4-day High Against U.S. Dollar
03 Luglio 2023 - 3:26AM
RTTF2
The Chinese yuan strengthened against the U.S. dollar in the
Asian session on Monday.
In economic news, data from Caixin showed that the manufacturing
sector in China continued to expand in June, albeit at a slower
pace, with a manufacturing PMI score of 50.5.
That's down from 50.9 in May although it remains above the
boom-or-bust line of 50 that separates expansion from
contraction.
Against the greenback, the yuan rose to a 4-day high of 7.2328
from Friday's closing value of 7.2511.
If the yuan extends its uptrend, it is likely to find resistance
around the 7.00 area.
Grafico Cross US Dollar vs CNY (FX:USDCNY)
Da Apr 2024 a Mag 2024
Grafico Cross US Dollar vs CNY (FX:USDCNY)
Da Mag 2023 a Mag 2024
