China's tightly-controlled currency, the yuan, has hit a seven-month low against the U.S. dollar, nearing its weakest level since 2008. This decline poses a dilemma for Chinese policymakers as a weaker yuan could boost exports and inflation but risks undermining President Xi Jinping's goal of making it a global currency.
Chinese Yuan falls to its lowest level against the U.S. Dollar since November https://t.co/xGnS8T9wWU
China's yuan slides to a 7-month low on PBOC's repeated softer guidance. #China $USDCNY $CNY https://t.co/BeSNUwm6vb
Chinese Yuan falls to lowest level against the U.S. Dollar in more than 7 months https://t.co/pqzIvIl9OW
China's tightly controlled currency nears its weakest level against the U.S. dollar since 2008. A weaker yuan could help boost exports and bring inflation to the economy but risks undermining President Xi Jinping's ambitions to make it a global currency. https://t.co/tS29x7M9CG https://t.co/qzDB1X3lPi
China's policy makers are facing a tough call on where they want the yuan to stand as the tightly-controlled currency hits a seven-month low against the U.S. dollar. https://t.co/bGZwj9n1Kw https://t.co/6JWOUhJgkr
Yuan hits 7-month low, nears policy band limit https://t.co/PNXe4hW17x . . . #Yuan #China #PBOC #PeoplesBankofChina #US #FederalReservepolicy #RepublicTV #RepublicBusiness #RepublicTVLive
China's tightly-controlled currency has hit a seven-month low against the U.S. dollar. Though a weaker yuan could help boost exports and bring inflation to the economy, it risks undermining President Xi Jinping's ambitions to make it a global currency. https://t.co/7QZrxPRQLw https://t.co/IDCNFI5i40
Everything is fine. “China's policy makers are facing a tough call of where they want the yuan to stand as the tightly-controlled currency hits a seven-month low against the U.S. dollar, approaching its weakest level since 2008.” https://t.co/x13e8Hzqmp