China’s Yuan Drops to a Decade-Low, 7 Per Dollar Now in Sight
Genuine bundles of Chinese one-hundred yuan banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph. (Photographer: SeongJoon Cho/Bloomberg)

China’s Yuan Drops to a Decade-Low, 7 Per Dollar Now in Sight

(Bloomberg) -- China’s yuan touched the weakest level since May 2008, as the central bank cut its daily fixing and on signs that a trade war with the U.S. may escalate.
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