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China's yuan hovers near record lows against the dollar despite central bank warning

Por: CNN Business September 29, 2022

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Hong Kong CNN Business  —  hovered near record lows against on the offshore market on Thursday, as major currencies around the world continue to tumble after The yuan — also known as the renminbi —has been declining for months despite interventions by China’s central bank. The offshore yuan—which trades overseas—plunged to a record low of 7.2674 on Wednesday morning, before rebounding slightly later in the day, according to... + full article



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