(Bloomberg) — China’s currency has moved away from testing its 2008 low versus the dollar, but that’s not stopped the yuan from weakening against its peers.The yuan has fallen for a record 16 straight days against a basket of trading partners’ currencies — the longest run since the basket was created in 2015 — and is close to erasing its gain versus those exchange rates this year, according to data compiled by Bloomberg. The yuan slumped more than 4% versus the euro and Australian dollar over that period, while it has strengthened about 0.2% versus the greenback.The dollar has tumbled …read more
Source:: Yahoo Finance
