Friday, December 30, 2016

China's Yuan Suffers Biggest One-Year Loss Since 1994

China's yuan strengthened against the dollar on Friday, but was on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.

The yuan , which has reached an 8-1/2 year low, was on course to shed nearly 7 percent against the dollar in 2016.

That's what Chine gets for all the money supply printing they have done.


(via Reuters)

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