Chinese Yuan Hit its Lowest Point Versus the US Dollar a 10-Year Low

The US did not label China as a currency manipulator following the release of a recent Treasury Department report

Chinese Yuan Hit its Lowest Point Versus the US Dollar a 10-Year Low

BEIJING – China‚Äôs currency has hit its lowest point versus the dollar since the financial crisis a decade ago, and it is fast approaching a key psychological level of 7 yuan per dollar. Economists warn that a rapidly depreciating yuan poses a number of risks, including capital flight and market volatility. Some analysts say those […]