menu search

China's yuan set for biggest yearly loss since 1994

China's yuan set for biggest yearly loss since 1994

And that is despite a surging recovery in the currency over the past two months, with USD/CNY having 7.30 at the peak in late October to early November. The over 8% decline will be the worst performance by the Chinese onshore yuan against the dollar since 1994 when China unified market and official rates.

I've argued plenty of times during the course of the year that if China is allowing its currency to weaken, that... Read More

Posted: Dec 30 2022, 08:59
Author Name: forexlive
Views: 103113

Search within

Pages Search Results: