US Dollar and China Yuan notes are seen in this picture illustration on June 2, 2017. Photo: Reuters

What are the possible economic and business consequences if China’s renminbi deteriorates to 7 per US dollar?

  • The odds of a tumble beyond 7 within a year have doubled over the past month to 38 per cent, according to data compiled by Bloomberg
  • The currency is down about 2.5 per cent in May, headed for its worst drop since July and the biggest loss in Asia
Topic |   Currencies

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US Dollar and China Yuan notes are seen in this picture illustration on June 2, 2017. Photo: Reuters
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