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Author Topic: Yuan Dips As Dollar Strengthens  (Read 10515 times)

Kunle

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Yuan Dips As Dollar Strengthens
« on: January 18, 2024, 11:51:01 AM »
Yuan Dips As Dollar Strengthens

The Chinese yuan edged lower against the dollar on Thursday, marking its weakest point in recent months. The central parity rate, officially set by the China Foreign Exchange Trade System, fell six pips to 7.1174, reflecting a slight depreciation for the renminbi. This dip comes amid a broader strengthening of the U.S. dollar, fueled by […]
Source: Yuan Dips As Dollar Strengthens
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