Chinese yuan weakens to 6.9262 against USD Monday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 594 basis points to 6.9262 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

It was the biggest daily percentage fall since June 2016.

The yuan has seen sharp falls since October…

Leave a Reply

Your email address will not be published. Required fields are marked *

This blog is kept spam free by WP-SpamFree.