Offshore Yuan Hits Record Low After US Brands China A Currency Manipulator
The offshore yuan fell to as low as 7.1397 per dollar in early Asian trade on Tuesday before clawing back most of the losses after China's central bank said it was selling yuan-denominated bills in Hong Kong, in a move seen as curtailing short selling of the currency.
The offshore yuan fell to as low as 7.1397 per dollar in early Asian trade on Tuesday before clawing back most of the losses after China's central bank said it was selling yuan-denominated bills in Hong Kong, in a move seen as curtailing short selling of the currency.
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