The yuan is not freely convertible and the government limits its movement against the US dollar to a 2% range on either side of a central parity rate. – EPA pic, August 6, 2019.
THE United States yesterday formally accused China of manipulating its currency, marking the second major escalation in the two countries’ spiraling trade war in just 24 hours.allowed the yuan to fall below 7 to the dollar for the first time in about a decadeEffective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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