Tuesday in Asia, the Chinese Yuan declined against the currency of US. At about 11:05 pm ET, the Yuan hit as low as 6.8417 against the buck, which may be compared to Monday's closing value of 6.8376. On the downside, the Chinese currency may likely target the 6.843 level against the dollar.
People's Bank of China has set today's central parity rate for dollar-Yuan pair at 6.8359. The pair is allowed to move 5% above or below the target rate.
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