The Wall Street JournalThe Wall Street Journal

China’s offshore currency hits record low against Dollar

By Rebecca Feng

28 Sep 2022 · 3 min read

WSJ analyses the implications of Yuan reaching record lows against a surging US Dollar. It notes that China's Central Bank cares more about the Yuan’s value relative to multiple currencies.

Curated by informed

China’s currency hit its weakest ever offshore trading level against the U.S. dollar on Wednesday, despite recent attempts by the country’s central bank to support the yuan.

The offshore yuan depreciated to more than 7.2 to the dollar for the first time since a separate system for trading the currency outside mainland China was launched more than a decade ago.

The news, curated.

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