Yuan Near Three-Month Low as Global Use Drops, Fed Concerns Grow

Updated on
  • Currency slips to 6th place in global payments in SWIFT data
  • Not much incentive now to buy into the yuan, analyst says

How China is Preparing for Fed's Impending Rate Rise

China’s yuan hovered near the lowest level in more than three months as surging odds of an interest-rate rise in the U.S. spurred capital outflow concerns and data showed a decline in the currency’s use overseas.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.