China just let its currency fall to a 11-year low — a sign Beijing is ready fight back in Trump's trade war
China's central bank on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, citing the trade war as the reason for devaluing the currency. It's being taken as a calculated gamble that Beijing might be willing to tolerate currency weakness to avoid capital flight. View Markets Insider for more stories.
China's central bank on Monday let the yuan tumble beyond the key 7-per-dollar level for the first time in more than a decade, citing the trade war as the reason for devaluing the currency. It's being taken as a calculated gamble that Beijing might be willing to tolerate currency weakness to avoid capital flight. View Markets Insider for more stories.
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