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DeepNewz, mobile.
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The Chinese yuan has fallen to its lowest level since November, marking a six-month low on May 29, 2024. This decline comes as China permits the currency to weaken amid a backdrop of dollar strength. The onshore yuan's depreciation highlights the ongoing currency dynamics influenced by China's monetary policies and the global market environment.
🇨🇳 #Yuan Weakens to Lowest Since November as #China Allows Declines – Bloomberg https://t.co/9yesYMgtdI https://t.co/M0laTiHYnq
Yuan Weakens to Lowest Since November as China Allows Declines Losses come as PBOC gradually cuts daily reference rate Currency pressured by rate discount to US, capital outflows https://t.co/rhonRNFlNc
BREAKING: Chinese yuan falls to six-month low on dollar strength https://t.co/uAaWuxBAK9
