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 Market ETF Demand Hits Two-Year Peak READ MORE Strong Economy May Delay Fed Rate Cuts Amid Inflation Concerns READ MORE Gas Prices Hit Six-Month Low: What's Driving the Downward Trend? READ MORE Convergence of Gold and Dollar: Precursor to Stock Market Downturn? READ MORE Gold's Unprecedented Surge: Beyond Geopolitical Turmoil READ MORE Add a Comment Cancel replyYour email address will not be published.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