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 Gold Demand Dips as Wedding Season Begins, Diamond and Gemstone Sales Rise READ MORE U.S. Business Activity Slows to Four-Month Low; Mixed Inflation Signals Emerge READ MORE Gold Hits New Highs with Strong COMEX Positioning and ETF Inflows READ MORE Economic Slowdown and Rising Inflation Cast Doubt on Soft-Landing Prospects READ MORE Gold’s Rally to $2,195: A Sign of What’s to Come READ MORE Add a Comment Cancel replyYour email address will not be published.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