China's yuan at 8-year low against the US dollar

China's yuan at 8-year low against the US dollar
Euronews logo
Text size Aa Aa

China’s currency, the yuan, continues to fall.

It has just hit its lowest value in almost eight years against the US dollar having declined for eight days in a row.

Traders said the yuan has been under pressure recently due to a strong US currency.

The dollar has rallied after the shock from Donald Trump’s surprise election win receded.

The foreign exchange experts also pointed out the yuan is stable against the euro, the British pound and the Japanese yen

China’s central bank thinks that will continue with the fundamentals of the Chinese economy unchanged and the latest economic data showing positive signs.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.