Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song
Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song

China’s yuan dropping below 7 to the US dollar is no longer ‘forbidden zone’, analysts say

  • Former People’s Bank of China governor Zhou Xiaochuan dismissed the importance of keeping the yuan above 7 to the US dollar last week
  • The yuan has stabilised in recent weeks as authorities voiced support for the currency, but weakened by 0.1 per cent to 6.9075 per US dollar on Tuesday

Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song
Former People’s Bank of China governor Zhou Xiaochuan. Photo: Simon Song
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