The Chinese yuan lost ground against the U.S. dollar in Asia on Thursday.
The yuan hit 6.0530 against the greenback, lowest since January 10. If the yuan extends decline, it may seek support at the 6.06 area. The pair was worth 6.0463 at yesterday's close.
The People Bank of China set today's central parity rate for yuan at 6.1065 per dollar, compared to yesterday's reference rate of 6.1005. The central bank sets the reference rate every morning and allows the currency to move upto 1 percent from that level.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.