Yuan Tumbles to 7.31 as Crypto Pairs Come Under Pressure
Introduction The Chinese yuan weakened sharply in today’s trading session, slipping to 7.31 per dollar in the Shanghai market as investors responded to disappointing trade data and renewed capital outflow pressures. The People’s Bank of China maintained a steady midpoint but refrained from large-scale intervention, signaling tolerance for gradual depreciation amid fragile domestic recovery. The […]