Yuan Down 2% vs Dollar: PBOC Adjusts Amid Global Shifts
Quick Look: The Yuan (CNY) has seen a depreciation of approximately 2% against the dollar this year. The Yen has weakened by 7% against the dollar and is currently at a 30-year low against the CNY. The People’s Bank of China (PBOC) has allowed the yuan to drop to the weaker side of the 7.2-per-dollar …
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