The yuan-US dollar exchange was 6.39 on Thursday afternoon, weakening from 6.36 on Monday. Photo: Reuters The yuan-US dollar exchange was 6.39 on Thursday afternoon, weakening from 6.36 on Monday. Photo: Reuters
The yuan-US dollar exchange was 6.39 on Thursday afternoon, weakening from 6.36 on Monday. Photo: Reuters
Yuan

China’s yuan slips against US dollar after Beijing taps financial tools to cool exchange rate

  • The yuan-US dollar exchange was 6.39 on Thursday afternoon, weakening from 6.36 on Monday, putting the brakes on its recent surge
  • Follows moves to raise the reserve requirement for banks’ foreign exchange deposits and allow more investment abroad under QDII programme

Topic |   Yuan
The yuan-US dollar exchange was 6.39 on Thursday afternoon, weakening from 6.36 on Monday. Photo: Reuters The yuan-US dollar exchange was 6.39 on Thursday afternoon, weakening from 6.36 on Monday. Photo: Reuters
The yuan-US dollar exchange was 6.39 on Thursday afternoon, weakening from 6.36 on Monday. Photo: Reuters
READ FULL ARTICLE