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China's yuan weakens to the U.S. dollar

China's yuan recent weakness versus its counterpart the U.S. dollar did no create such a chaos or panic in selling the Chinese currency, thus the currency's value being stable, the two major official securities newspapers stated today.

China's newspapers report after yuan's aggressive drop

China Securities Journal and Shanghai Securities News published their articles after the yuan reached a five-year low for the third consecutive day versus the U.S. dollar.

The majority of the investors fear that, following the Brexit and the global financial crisis, the Beijing could devalue the yuan again.

Despite that the Chinese currency drop against the greenback, both, the offshore and onshore markets are stable, and there hasn't been such a big panic in place, the Shanghai Securities News reported.

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Wednesday, 29 Jun, 2016 / 7:16

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-yuan-weakens-to-the-u.s.-dollar

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