Home » Posts tagged with "Chinese Currency"


China Devaluates Its Currency Again in Response to Western Rating Agencies

Post Pic
The Chinese yuan dropped on Wednesday to a five-year low against dollar. The Chinese Central Bank fixed the yuan exchange rate at 6.6001/$1 after on Tuesday the yuan closed at 6.5966/$1. Analysts pointed out several factors that have driven the yuan down. One of the most important among them is strengthening the dollar on expectations of a referendum of Britain leaving the European Union. The vote... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.