The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Sunday, December 13, 2015

China's yuan traded at its lowest level

China's yuan traded at its lowest level in over four years as Beijing continues to let the currency devalue. The yuan fell to as low as 6.4515 to the dollar. Some economists think that the People's Bank of China will allow the yuan to float lower until the Federal Reserve meets next week.

No comments:

Post a Comment