The Chinese yuan weakened against the U.S. dollar in the Asian session on Friday.
Against the greenback, the yuan fell to nearly a 1-1/2-month low of 6.3746. At yesterday’s close, the yuan was trading at 6.3690 against the greenback.
If the yuan extends its downtrend, it is likely to find support around the 6.40 area.
The material has been provided by InstaForex Company – www.instaforex.com