The Traderszone Network

Published in TZ Latest News 24 March, 2016 by The TZ Newswire Staff

The Threat Continues: Yuan Weakens For 6th Straight Day – Longest Losing Streak In 2 Years

PBOC fixed the Yuan at its weakest in 3 weeks, pushing the devaluation streak to its longest since early January. However, Offshore Yuan has now dropped over 1.1% against the USD, extending losses for the 6th straight day to 3-week lows. This is the longest streak of weakness in the offshore Yuan since April 2014.

 

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