The Chinese yuan was flat versus the US dollar during the Friday’s calm trading session as traders were waiting for economic releases from the United States.
Asian currencies received a boost from the dovish comments of Federal Reserve Chairwoman Janet Yellen. Adding to the investors’ optimism, Fitch Ratings affirmed China’s credit rating at A+ with stable outlook. Now, market participants wait for macroeconomic reports from the USA, inflation data in particular.
USD/CNY was trading basically flat at 6.7839 as of 10:18 GMT today.
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