RMB breaks seven against dollar in a decade

Rebecca Feng

August 05, 2019 10:15 am

RMB bank note 230 x 150 — Nov. 13, 2015 - Beijing, Beijing, China - New version of the RMB won the favor of rural on 13th November,2015 in Chongqing,China. (Credit Image: © Tpg via ZUMA Press) | Tpg/Zuma Press/PA Images

The renminbi fell beyond seven against the dollar on Monday morning for the first time in a decade, in what is viewed as China’s response to its worsening relations with the US.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Regulation China Regulation and Policy China Americas Asia Regulation People and Markets Asia Greater China Northeast Asia China Asia Pacific EM People and Markets United States Emerging Markets North America China People and Markets

RF

Rebecca Feng