In the Asian session on Monday, the Chinese yuan edged up against the U.S. currency. The yuan gained to 6.3395 against the dollar and if the yuan rises further, it may target 6.32 level. The greenback-yuan pair closed Friday's deals at 6.3495.
The People's Bank of China set today's central parity rate for the yuan at 6.3236 per dollar, compared to Friday's daily reference rate of 6.3260. The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 1 percent from the level.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.