China's yuan falls below 7.3 per dollar, sparking economic concerns and PBOC intervention.

China's yuan weakened past 7.3 per dollar, raising concerns about the country's economy. The People's Bank of China (PBOC) has set a daily reference rate to slow the currency's depreciation, though the recent fall indicates a possible shift. The PBOC's actions and the upcoming US economic data releases will influence the yuan's stability and broader Asian currencies. The US dollar remains strong, bolstered by economic uncertainties and Trump's impending policies.

2 months ago
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