China sets yuan at weakest level in 6 years
China has set the daily fix for its currency at the weakest level in six years as the central bank responded to a strengthening US dollar.
China has set the daily fix for its currency at the weakest level in six years as the central bank responded to a strengthening US dollar.
Traders doubt the pound will shake off its tag of worst-performing major currency in 2016.
British PM might have thrilled her party with her aggressive Brexit plan, but markets were less than impressed.
The drivers of the decline have been long in the making, and the implications have yet to play out.
Currency traders are puzzling about a 'flash crash' in the pound that shook up forex markets as the prospect of a 'hard Brexit' rears its head again.
The greenback advanced for a seventh day against Japan's currency on bets for higher US rates.
The pound continues to crash, falling to a 31-year low against the US dollar and a three-year low against the Aussie on fears of a 'hard Bre...
The paradox of the tough talk has been to pull the rug from under sterling, leaving it at a post-Brexit vote low.
The pound fell after UK Prime Minister Theresa May set a timeframe for leaving the European Union.
The world has a new reserve currency and it is the Chinese yuan.
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