The Chinese yuan rose a little versus the US dollar today, but may yet slip back amid all the uncertainty that haunts the Forex market. The US employment data did little to direct trading.
The yuan, as well as other Asian currencies, is not sure where to go as traders are uncertain about the well-being of the US economy. US non-farm payrolls came out at 155,000 for December, a little better than was expected, but November’s unemployment rate was revised up slightly. Anyway, it looks like for now the Chinese currency prefers to go up.
USD/CNY went down from 6.2335 to 6.2316 as of 14:52 GMT today.
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