China's yuan falls to 1-year low against major trading partners
The CFETS index, a gauge that measures the yuan's strength against a basket of currencies, fell to 99.94 on Thursday, the lowest since Oct. 15, 2021, from 100.19 a day earlier. The index has lost about 2.5% so far this year, while the yuan's spot ...
By Reuters | Updated:
Reuters
The value of China's yuan against its major trading partners fell to the weakest level in more than a year on Thursday, according to a Reuters calculation based on official data.
The CFETS index, a gauge that measures the yuan's strength against a basket of currencies, fell to 99.94 on Thursday, the lowest since Oct. 15, 2021, from 100.19 a day earlier.
The index has lost about 2.5% so far this year, while the yuan's spot value plunged 11.4% against a surging dollar during the same period.
The CFETS index, a gauge that measures the yuan's strength against a basket of currencies, fell to 99.94 on Thursday, the lowest since Oct. 15, 2021, from 100.19 a day earlier.
The index has lost about 2.5% so far this year, while the yuan's spot value plunged 11.4% against a surging dollar during the same period.
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