Trial now
US TSYS SUMMARY

Substantial Further Progress Not Yet Reached

USDCAD TECHS

Runs Counter to Trend

AUDUSD TECHS

Fed Bounce Stops Short

EURJPY TECHS

Bearish Trend Conditions

USDJPY TECHS

Bearish Threat

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The Chinese yuan may remain in the range of 6.3 to 6.7 against the dollar for 2021 with the central point around 6.4 to 6.5, the Economic Daily said citing Tang Jianwei, an analyst at the Bank of Communications. The recent yuan appreciation can be attributed to the strong domestic recovery and dovish stance of the Federal Reserve holding down the dollar index, said Zhou Maohua, an analyst with Everbright Bank. The yuan closed at 6.4383 against the dollar on Wednesday.