Yuan Hits Weakest Level Since November as China Loosens Currency Control China’s central bank set the yuan’s reference rate at its weakest since November, signaling a loosening grip on the currency as the dollar strengthens and traders expect prolonged high US interest rates. The yuan remains under pressure due to capital outflows and mixed economic data, while Chinese banks maintain their benchmark lending rates. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Sticker Shock: Buying a Car in the US is More Expensive Than Ever READ MORE Gold Prices Skyrocket as China Increases Purchases and Speculation Intensifies READ MORE Fed's Looming Rate Cut Could Bolster Biden's Reelection Bid READ MORE Gold Prices Dip as Strong Retail Sales Data Reduces Likelihood of Fed Rate Cut READ MORE 30-Year Fixed Mortgage Back Near 7% READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment