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Chinese Yuan Hits Decade Low

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Hong Kong (CNN Business)China's battered currency is trading at its lowest point since the global financial crisis, leaving investors asking how much farther it might fall. The yuan sank past 6.97 to the dollar in Tuesday morning trading in Asia, its weakest level since May 2008. The currency has now slumped more than 9% against the greenback since January, dragged down by interest rate hikes in the United States, fears over the health of China's economy and the trade war between the two countries.

Added on the 30/10/2018 06:31:52 - Copyright : Wochit

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