China's yuan slips, looks set to snap five-week winning streak

SHANGHAI: China’s yuan eased against the dollar on Friday and looked set to snap a five-week winning streak after a softer official midpoint guidance, while a selloff in equities further weighed on market sentiment. Chinese stocks tumbled, mirroring a sharp overnight selloff on Wall Street after the tech-heavy Nasdaq posted its steepest one-day decline since the April 2025 “Liberation Day” rout.…

First reported by Business Recorder 1 hr ago1 source

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Business Recorder06:311 hr ago
China's yuan slips, looks set to snap five-week winning streak (opens Business Recorder in a new tab)
SHANGHAI: China’s yuan eased against the dollar on Friday and looked set to snap a five-week winning streak after a softer official midpoint guidance, while a selloff in equities further weighed on market sentiment. Chinese stocks tumbled, mirroring a sharp…

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