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 Mike Maloney’s Greatest Hits – Best Videos of 2023 READ MORE Gold Rush 2024: Experts Weigh In on Different Gold Strategies READ MORE Nigeria's Central Bank Raises Interest Rate to Tackle Inflation READ MORE Gold Prices Rebound Slightly, Investors Eye Fed's Preferred Inflation Gauge READ MORE Wall Street's Most Bearish Strategist Predicts 32% Stock Market Plunge by 2025 READ MORE Add a Comment Cancel replyYour email address will not be published.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