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

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

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 … READ MORE : http://www.euronews.com/2016/11/15/ch... euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.