News > Chinese yuan: Hits record lows against US dollar
Chinese yuan: Hits record lows against US dollar
28/09/2022 08:45 PM | Click to read full article
The internationally-traded yuan fell to its lowest level since data first became available in 2011. China's domestic currency also reached its weakest point since the 2008 global financial crisis.
It comes as the dollar continues to rise in value against other major currencies after the US central bank increased interest rates again earlier this month. Meanwhile, on Wednesday, major stock market indexes across Asia fell sharply.
