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Renminbi Slides after China Relaxes Currency Controls

Sharpest Drop in Three Months after Central Bank Orders Lenders to Scrap Two Rules

The renminbi suffered its worst day in three months after China’s central bank scrapped two rules intended to bolster the currency in a sign that official nervousness about currency depreciation and capital flight has eased.

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Topics: 
Business, Economy
Keywords: 
Renminbi, Renminbi Revaluation, Exchange Rates, Currency
 
Topics: 
Business, Economy
Keywords: 
Renminbi, Renminbi Revaluation, Exchange Rates, Currency
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