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    Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

    • Post author:MiamiCrypto
    • Post published:October 25, 2022
    • Post category:“zero-Covid-19” strategy/Economics/Kenny Wen/offshore yuan/President Xi Jinping/U.S. Federal Reserve/US Dollar/yuan depreciation

    The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s…

    Continue ReadingYuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid
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