Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
China's yuan exchange rate is set to weaken after a period of stability to catch up with other currencies' recent depreciation and to reflect the expectation that the economy could get worse before getting better due to the coronavirus outbreak, analysts say.
The yuan has eased by 0.6 per cent against the US dollar this year, much less than the South Korean won’s decline of 2 per cent and the Singapore dollar’s drop of 3 per cent. The euro has tumbled by as much as 3.6 per cent.
While the . . .
Sign In or Subscribe To Get Full Access.
Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.
Follow China Market In The Most Efficient Way!
Sign Up For Free Weekly China Market Highlights HERE!Â