Yuan Weakens Past 6.7 Versus Dollar for First Time in Five Years

Updated on
  • Currency drops to lowest level since 2010 as home prices cool
  • Market may take it as signal PBOC will allow further drop: ANZ

China’s yuan fell beyond 6.7 per dollar for the first time in more than five years, fueling depreciation concerns amid cooling property prices and a rebound in the dollar.

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