China's currency weakens amid speculation of band widening

Source: Bloomberg
© RS

The China's Yuan fell to the weakest level amid speculation the central bank will expand the currency's trading band, which allows greater variability in the second largest economy in the world, while the growth is sliding. The Yuan dropped 0.86% to the lowest level in ten months of 6.1808 against the Dollar. That was the biggest loss in CFETS since 2007.  

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