The Chinese yuan traded lower against the U.S. dollar in Asian trading on Wednesday.
The yuan touched 6.1243 against the greenback for the first time since September 9. Further downtrend may help the yuan to find support at the 6.13 level. The pair ended yesterday's trading at 6.1211.
The People Bank of China set today's central parity rate for yuan at 6.1497 per dollar, compared to yesterday's reference rate of 6.1485. The central bank sets the reference rate every morning and allows the currency to move upto 1 percent from that level.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.