Chinese Yuan Weakens on Falling Auto Sales, Sluggish US Investment

Jun 13,2019 23:11   Source:Earnforex
The Chinese yuan is weakening against major currency rivals on Thursday after new data painted a grim picture of the world’s second-largest economy. The trade war, which appears to be at a standstill, is seeping to a whole host of areas in Beijing, impacting economic growth and causing officials to hit the panic button. In the backdrop of the chaos is the yuan nearing toward the 7 threshold against the buck. According to the Ministry of Commerce, foreign direct investment (FDI) […]

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