Offshore Yuan Sinks Toward Record Low After China Cuts Fixing
(Bloomberg) -- The offshore yuan weakened toward its lowest on record against the dollar, as a cut to the daily reference rate for the managed currency stoked bets China is comfortable with a gradual depreciation.Most Read from BloombergApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsTrudeau Says There’s No Room for Political Rapprochement With ChinaHong Kong Shuts Down City After Heaviest Rainfall On RecordChina Seeks to Broaden iPhone Ban to State Firms, Agencies‘Blame the Boomers’
Source: yahoo.com