Reason for exchange rate fluctuation

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Member since 28 October 2020

jacobomalleyMember28 October 2020 16:58:57

I am looking for reasons for why the exchange rate for Yuan has fluctuated over the past couple of weeks. Is it related to the continued tension regarding the trade war with the US or because China's growth rate reported a decline?

Chris and Nan Member

Member since 07 April 2020

Chris and NanMember16 November 2020 04:51:56

Look up currency devaluation. China is doing her best to make the yuan worth less to entice business back.

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