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Date: 5 months ago   Category: Sport

Currency call: the Chinese yuan fell in price almost to a two-year minimum — RT in Russian


Chinese yuan exchange rate at the auction fell on October 18 to the minimum value since January, 2017. Thus, the national currency of the People's Republic of China came very close to a psychological mark of seven yuans for dollar. At the same time the Shanghai Composite stock index lost about 3%, having decreased to a four-year minimum. According to experts, the main reason for falling on trading floors is connected with development of tariff opposition of Washington and Beijing. Investors are afraid of further development of the conflict and gradually bring the assets out of the Chinese securities. What can expect one of the largest financial markets of Asia in the nearest future — in the material RT.

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