RMB at lowest level vs. the US dollar in eight years

The stronger US dollar pushed the yuan to a near 8-year low and taking its losses so far this year to more than 5%. The People’s Bank of China set its daily fix at 6.8495 yuan against the dollar, compared with Monday’s 6.8291 yuan, marking the weakest fix for the currency since 2008.

Leave a Reply

Be the First to Comment!

Notify of
avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

wpDiscuz