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Chinese yuan on the brink as it falls to the lowest levels this year

And it could yet get worse as the mounting pressure on the Chinese economy is taking a further toll on the yuan currency. It is right on the brink against the dollar with the potential to break out to its weakest levels since January 2008.The trade balance data today here once again highlights increasing pressure on the economy and so far, the measures undertaken by Beijing are not really convincing markets that they are the right solution to turn things around.The high from November last year c... Read More

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Content Topics

Chinese

Yuan

Brink

Falls

Lowest

Levels

This

Year

Forex

Posted: Sep 7 2023, 05:00

Author Name: forexlive

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