Reported 3 days ago
After weeks of defending the 7.3 level, the Chinese yuan has weakened beyond this threshold due to economic struggles and increasing bond yield disparities with the US. The People’s Bank of China is seen as accommodating to growth pressures, even as the decline raises concerns about the export competitiveness of the nation. Analysts anticipate further depreciation, with forecasts suggesting the yuan could fall to 7.45 by the end of 2025, amid a challenging economic backdrop.
Source: YAHOO