SHANGHAI: China's yuan fell against the dollar on Thursday after rising in the previous four trading sessions, tracking a weaker midpoint fixing by the central bank as the greenback strengthened in international markets.
The People's Bank of China (PBOC) fixed the midpoint rate at 6.1457 per dollar, down 0.08 percent from the previous fix, as the dollar index surged after the Wednesday's Federal Reserve meeting.
The dollar stayed on the front foot on Thursday, hovering near 3-1/2 week highs against a basket of currencies after the Federal Reserve surprised markets with a more hawkish policy tone and signaled its confidence in the US economic recovery.
The spot market opened at 6.1148 yuan per dollar, and was changing hands at 6.1136 by midday, 0.05 percent weaker from the previous close.
Comments
Comments are closed for this article.