China's yuan falls to lowest in nearly 8 years
Published Tue, Nov 15, 2016 · 03:34 AM
[HONG KONG] China's yuan fell to its lowest level in nearly eight years on Tuesday, breaking through 6.85 per dollar.
The yuan changed hands at 6.8538 in early morning trade, its lowest since January 2009.
The dollar is closing in on a test of its highest level in almost 14 years as bond yields soared after Donald Trump's election to president, bringing buyers back to the US currency.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea