
The Chinese yuan has sunk to the lowest level since February 2011 after US Federal Reserve chief Janet Yellen said an interest rate hike in the next few months might be appropriate if economic data improves.
Yellen's comments on Friday boosted the dollar against other major currencies.
The central parity rate of the yuan on Monday weakened 294 basis points on Monday to 6.5784 against the dollar, according to the China Foreign Exchange Trading System.
The central bank strictly controls yuan trading and sets a daily middle point from which the currency can trade up or down 2 per cent each day
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor