The yuan against the dollar hit a 14-year low
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The Chinese currency hit its lowest level against the dollar since 2008. The decline came amid reports of weakening support for the yuan by Beijing. As of 11:06 Moscow time, the yuan fell to 7.2393/$1 compared to 7.176/$1 at the close of the previous session, data show investment.com.
The Central Bank of China has set the reference rate of the yuan at the lowest level in more than two years at 7.1107/$, the agency reports. Xinhua. During the trading session, the market rate of the Chinese national currency may deviate from the reference by no more than 2% in one direction or another.
The current exchange rates of the dollar, euro and yuan, as well as quotes of the main indices and stocks on the Moscow Exchange are available on a special page.
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