RMB breaks seven against dollar in a decade

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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.

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