Offshore Yuan Falls Sharply Against the U.S. Dollar, Hits New Low Since August 16
Asianfin – The onshore Chinese yuan (CNY) closed significantly lower against the U.S. dollar on November 6, falling by 554 points to 7.1649, marking its weakest level since August 16. This sharp decline underscores ongoing pressure on the yuan amid various economic factors and global market fluctuations.
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