Reported 1 day ago
Traders have pushed China's yuan to its lowest level in a year, defying government efforts to stabilize the currency as fears grow over weak economic growth and potential US tariffs under Donald Trump's administration. Despite measures from the People's Bank of China to maintain a stronger daily reference rate, the yuan's performance continues to decline amidst an unfavorable environment for domestic investors and widening interest-rate discounts compared to the US.
Source: YAHOO