Chinese yuan or renminbi (RMB) notes. The currency weakened on Friday morning. Photo: EPA, HOW HWEE YOUNG Chinese yuan or renminbi (RMB) notes. The currency weakened on Friday morning. Photo: EPA, HOW HWEE YOUNG
Chinese yuan or renminbi (RMB) notes. The currency weakened on Friday morning. Photo: EPA, HOW HWEE YOUNG

Yuan weakened on S&P’s credit outlook downgrade for China and Hong Kong

Credit agency cuts sovereign credit outlook to negative for China and Hong Kong took yuan lower and undercut other positive economic news

Chinese yuan or renminbi (RMB) notes. The currency weakened on Friday morning. Photo: EPA, HOW HWEE YOUNG Chinese yuan or renminbi (RMB) notes. The currency weakened on Friday morning. Photo: EPA, HOW HWEE YOUNG
Chinese yuan or renminbi (RMB) notes. The currency weakened on Friday morning. Photo: EPA, HOW HWEE YOUNG
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