Chinese yuan slipped to nearly a 17-month lows against the US dollar as more Covid-19 lockdowns put more pressure on the economic outlook, and as the US dollar continued to strengthen.
The onshore spot yuan closed day trading at 6.6115 per US dollar on Thursday, its weakest level since November 13, 2020, depreciating by 546 pips from the previous day. The onshore yuan hit 6.64 per dollar mark at one point . . .
SIGN INÂ OR SUBSCRIBE TO GET FULL ACCESS.Â
Random and hype-based reporting never gives you a full picture. Focused and systematic reporting does. We track Chinese economy and financial market in a systematic way to help you make intelligent decisions.