Renminbi Slips to 11-Month Low as Pressure Persists
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Renminbi Slips to 11-Month Low as Pressure Persists – Financial Times (subscription)
China’s renminbi pushed past the Rmb6.7 per dollar mark for the first time in nearly eleven months as downward pressure seen during a record monthly drop in June showed no sign of dissipating in July.
Trade Jitters Spark Broad Gains for the US Dollar
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Trade Jitters Spark Broad Gains for the US Dollar – Financial Times (subscription)
The US dollar climbed against a broad swath of developed and emerging market currencies amid mounting concerns over global trade.