MARKET NEWS — China's yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions. The value of the yuan slumped against Russia's ruble for the fifth day in a row on Wednesday, falling to a level of 11.51 rubles. That's the cheapest the yuan has been in about a year. Central banks, meanwhile, are looking to dump the yuan while raising their holdings of the US dollar... businessinsider.com
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Thu Jun 05 2025 00:33:44 GMT+0000 (Coordinated Universal Time)
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China's yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions
Published (Updated) on Friday, June 21, 2024
• Copper price hits $10,000 • Nigerian Naira becoming the most unpredictable currency • Trump imposes sanctions on China, and more - Monday 24/March/2025 Top Business Headlines
• Bank of China keeps medium-term lending facility rate at 2 percent on 900 billion yuan ($124.26 billion)
• Oil could be down to $40 • Trump's tariff threats • Meta slashes subscription fees, and more - Top News Headlines Wednesday 13/November/2024
• Hong Kong scammers defrauded victims of over $46 million with the use of deepfake AI
• China's energy passenger vehicle market continued to see robust growth with retail sales reaching 1.12 million units
• Apple vs Huawei Market Competition - Apple iPhone 16 Facing Challenges in China Market Against Huawei's Trifold Mate XT, According to Analysts
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