yuan depreciation

Yuan slår nytt lågt kontra US-dollar när investerare reagerar på godkännandet av den kinesiska presidentens bud på tredje sikt

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The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the…

Kinesiska centralbanken säger att den kommer att prioritera stabiliserande valuta efter att yuan fallit till 14-årigt lågt kontra USD

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Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against…