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Chinese Yuan Hits 15-Year Low on Political Jitters, Weak PBoC Fix

China’s yuan hit its weakest level in nearly 15 years on Tuesday, while its offshore counterpart hit a new record low on growing concerns that the country’s new political leadership could jeopardize economic growth with anti-business policies.
The yuan fell 0.6% to 7.3079 to the dollar, its weakest level since December 2007, while the offshore yuan hit a new record low of 7.3735 to the dollar.The Chinese currency was also hit by a weaker-than-expected daily midpoint fixing from the People’s Bank of China. The central bank set the parity rate 438 pips lower at 7.1668 against the dollar, according to state-run news agency Xinhua.https://theprofitgrowth.com/ , Crude/Natural Gas Tips, Mcx Advisory Company, Mcx tips provider, Mcx Trading, One day free demo, sure shot call, Technical Analysis, To Get Free Trial !!!Live Gold News With MCX Free Bullion Tips today, Bullion Trading Tips By theprofitgrowth.com Ring/Ping 7037171600 Just Do Your BEST Give Prime Focus BY https://THEPROFITGROWTH.COM