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3232Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid
https://www.digit.info/yuan-taps-new-low-versus-us-dollar-as-investors-react-to-endorsement-of-chinese-presidents-third-term-bid/
Tue, 25 Oct 2022 20:00:54 +0000https://www.digit.info/2022/10/25/yuan-taps-new-low-versus-us-dollar-as-investors-react-to-endorsement-of-chinese-presidents-third-term-bid/Read more]]>The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over Xi’s unprecedented third term, as well as […]
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over Xi’s unprecedented third term, as well as […]