The financial hub Shanghai has been in lockdown for nearly a month with no sign of it easing any time soon, and as the outbreaks continue to spread, the capital city of Beijing has now rolled out restrictions. Photo: AP
China’s yuan down almost 4 per cent against US dollar in April as market guards against economic headwinds
- Depreciation pressure on the yuan against the US dollar has intensified over the past two weeks amid more lockdowns across China
- The onshore yuan closed at 6.5866 per US dollar on Friday from the previous night close of 6.6255, having weakened to 6.6520 earlier in the day
The financial hub Shanghai has been in lockdown for nearly a month with no sign of it easing any time soon, and as the outbreaks continue to spread, the capital city of Beijing has now rolled out restrictions. Photo: AP
