China Further Weakens Yuan to 11-Year Low After US Blacklists Beijing as ‘Currency Manipulator’

posted in: Far East, News

In a statement on 6 August, the People’s Bank of China (PBOC) slammed Washington’s decision to designate China as a “currency manipulator”. China’s yuan has continued its nosedive, weakening to 7.0488 to the US dollar on Wednesday, about 0.4 percent … Read More