Renminbi Hits 4-Month Low Against Dollar

By
Yuan Liwei
1 min read
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The Chinese renminbi has weakened to its lowest level against the US dollar in four months, stirring concerns among economists and investors. This dip has raised worries about the potential impact on Chinese exports and global trade. The devaluation of the renminbi is seen as a strategy to counter the impact of US trade tariffs, adding complexity to the ongoing trade tensions between the two countries. Economists are closely monitoring the situation to gauge its broader implications for the global economy.

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