News Column

Yuan Rises To 9-day High Against US Dollar

June 26, 2014

BEIJING (Alliance News) - The Yuan climbed against the US dollar in the Asian session on Friday.

Against the greenback, the yuan rose to 6.2208. At yesterday's close, the yuan was trading at 6.2320.

If the yuan extends its uptrend, it is likely to find resistance around the 6.14 area.

The People Bank of China set today's central parity rate for yuan at 6.1543 per dollar, compared to Thursday's reference rate of 6.1538. The central bank sets the reference rate every morning and allows the currency to move upto 2% from that level.

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Source: Alliance News

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