China devalues yuan currency to three-year low

84808855 chinagetty 457951404 300x169 China devalues yuan currency to three year low Romano Pisciotti

 

China’s central bank has devalued the national currency, the yuan, to its lowest rate against the US dollar in almost three years.

84808462 yuanap 300x169 China devalues yuan currency to three year low Romano Pisciotti
yuan

 

The lender said the move was a “one-off depreciation” of 1.9% in a move to make the exchange rate more market-oriented.

 

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