Chinese yuan drops to 4-day low against dollar

By @ibtimes on

Against the Chinese yuan, the US dollar edged down during early deals on Tuesday. At 11:30 pm ET, the yuan declined to a 4-day low of 6.8405 against the dollar, moving down from an early Asian session 4-day high of 6.8342. The next downside target level for the Chinese currency is seen around 6.844. The dollar-yuan pair closed Monday's New York deals at 6.8358.

The People's Bank of China has set today's central parity rate for the dollar-yuan pair at 6.8340

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