China’s yuan sank to a 10-year low towards the greenback on Monday, coming near breaking the politically delicate degree of seven to the U.S. foreign money.

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The Red Tea Detox

The yuan declined to six.9644 per greenback at noon, passing its most up-to-date low in 2016 earlier than recovering barely. It was the bottom degree since Could 2008.

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The foreign money’s weak spot is certainly one of a sequence of parts fueling Washington’s commerce complaints towards Beijing. The U.S. Treasury Division declined this month to label China…

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