Yuan holds near 7-month low vs USD

By Reuters

Jun 19, 2024 12:15 am

SHANGHAI – China's yuan hovered near a seven-month low against the US dollar on Tuesday as stronger guidance from the central bank offset mixed economic data, while traders awaited US data and comments from Federal Reserve (Fed) officials for more clarity on interest rate cuts.

By 0356 GMT (11:56 a.m. in Manila), the yuan was 0.01 percent higher at 7.2556 against the dollar after trading in a range of 7.2539 to 7.2560.

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