Offshore yuan falls to its lowest since August

London

OFFSHORE rates for China's yuan fell on Tuesday to their weakest since a hefty two-day devaluation in August, mirroring a fall in onshore rates, with traders citing strong year-end dollar demand.

Sweden's crown meanwhile hit a nine-month high against the euro as investors bet that the country's economy would continue to improve and that its central bank would hold off from cutting interest rates further for the time being.