China’s yuan has fallen by 5 per cent against the US dollar in the last three weeks due to rising US interest rates, the war in Ukraine and a slowing domestic economy. Photo: AFP
China’s yuan has fallen by 5 per cent against the US dollar in the last three weeks due to rising US interest rates, the war in Ukraine and a slowing domestic economy. Photo: AFP
Yuan
Economy /  Economic Indicators

Explainer |
China yuan: 6 ways the central bank might respond to the currency weakening against the US dollar

  • China’s yuan has fallen by 5 per cent against the US dollar in the last three weeks
  • Rising US interest rates, the war in Ukraine and a slowing domestic economy due to coronavirus lockdowns are seen as the main factors behind the portfolio outflows

Reuters
Reuters

Updated: 9:09am, 12 May, 2022

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China’s yuan has fallen by 5 per cent against the US dollar in the last three weeks due to rising US interest rates, the war in Ukraine and a slowing domestic economy. Photo: AFP
China’s yuan has fallen by 5 per cent against the US dollar in the last three weeks due to rising US interest rates, the war in Ukraine and a slowing domestic economy. Photo: AFP
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