| The currency’s weakness has revived memories of China’s surprise devaluation last August. China’s yuan hit its lowest since offshore trading was introduced in 2010 on Tuesday as the dollar remained strong across the board, trading near a nine-month high on expectations for a U.S. interest rate hike by year-end.
The Chinese currency’s fall of more than 1.5% since the end of September has prompted renewed suspicion among some in the market of a possible extended slide in the Chinese currency. It traded as weakly as 6.7882 yuan per dollar on Tuesday.........................................Full Article: Source
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