The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday, after the People's Bank of China (PBOC) left its medium-term policy rate unchanged.

The China's central bank left the rate on its one-year policy loans at 2.5 percent unexpectedly.

Against the greenback, the yuan fell to more than a 1-month low of 7.1803 from Friday's closing value of 7.1662.

If the yuan extends its downtrend, it is likely to find support around the 7.20 area.

The People's Bank of China sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.

US Dollar vs CNY (FX:USDCNY)
Gráfico Histórico de Câmbio
De Mar 2024 até Abr 2024 Click aqui para mais gráficos US Dollar vs CNY.
US Dollar vs CNY (FX:USDCNY)
Gráfico Histórico de Câmbio
De Abr 2023 até Abr 2024 Click aqui para mais gráficos US Dollar vs CNY.