• 11/25/2024

China’s yuan weakens past key threshold to 2-month low after slew of downbeat economic data

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The yuan breached the psychologically important level of 6.95 per US dollar in early trading on Friday following a slew of downbeat data, suggesting that China’s economic recovery might have lost some steam.

https://www.scmp.com/economy/economic-indicators/article/3220311/chinas-yuan-weakens-past-key-threshold-2-month-low-after-slew-downbeat-economic-data?utm_source=rss_feed