Yuan weak vs USD on Thursday

By Aya Anwar On May 23, 2024

The Chinese Yuan weakened against the US dollar on Thursday, dropping 21 pips to 7.1098, as reported by Xinhua citing the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the yuan is allowed to fluctuate within a 2 per cent range from its central parity rate, according to the report.