CBN丨Yuan softens amid unusual dollar strength, stability in sight as China’s recovery gains pace

The People’s Bank of China fixed the Chinese yuan at 6.8802 per US dollar on August 30, after the yuan further softened to around 6.92 on Monday, hitting a fresh two-year low, as the dollar's unusual strength amid the Federal Reserve's policy tightening prompted other major currencies to devaluate. 

 

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