China’s Currency Just Saw Its Biggest One-Week Drop Since 2011

The value of Chinese yuan traded in offshore markets fell 1.3% against the U.S. dollar this week, marking the currency’s biggest weekly decline since 2011. A large portion of the move came on Friday, following the People’s Bank of China’s decision to set a lower fixing against the dollar in onshore…

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China’s Currency Just Saw Its Biggest One-Week Drop Since 2011

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