Tuesday, August 6, 2019

Tumbling yuan, a new twist in US-China trade war

Tumbling yuan, a new twist in US-China trade warThe yuan plummeted Monday to an eleven-year low versus the dollar, adding fuel to the China-US trade war. - What determines the yuan's level? Ordinarily, the yuan's exchange rate is determined by the currency's supply and demand, a result of factors including China's trade balance and the country's interest and inflation rates.




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