17 Aug 2015
USD/CNY opens at 6.3941 versus 6.3918 Friday
FXStreet (Mumbai) - The USD/CNY pair opened at 6.3941 following today’s PBOC yuan fix, 0.58% higher from Friday’s close at 6.3918.
Earlier today, the Chinese central bank, PBOC set US dollar/Yuan parity at 6.3969 versus 6.3918 on Friday close. China shook markets last week when the authorities unexpectedly devalued the Chinese yuan by close to 3%.
The move was aimed at bringing the onshore yuan more closely in line with the offshore yuan (CNH).
Earlier today, the Chinese central bank, PBOC set US dollar/Yuan parity at 6.3969 versus 6.3918 on Friday close. China shook markets last week when the authorities unexpectedly devalued the Chinese yuan by close to 3%.
The move was aimed at bringing the onshore yuan more closely in line with the offshore yuan (CNH).