FX.co - Chinese Yuan Rises To Near 2-week High Against U.S. Dollar

2023-10-09T03:52:00

The Chinese yuan strengthened against the U.S. dollar in the Asian session on Monday, as Chinese market reopened after China's Golden Week holiday.

Against the greenback, the yuan rose to nearly a 2-week high of 7.2940 from a recent high of 7.3021.

If the yuan extends its uptrend, it is likely to find resistance around the 7.24 region.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

FX.co ★ Chinese Yuan Rises To Near 2-week High Against U.S. Dollar