The Chinese yuan went to third weekly drop today, showing the biggest decline since July 2010, on speculation that slower economic growth will make China, to cut the currency gains to protect exporters the nation.
The government report showed that exports grew 15.9 percent in October, showing the slowest growth rate in almost two years. Data from HSBC Holdings Plc and Markit Economics, said China's manufacturing industry could slow this month. The currency may weaken further requiring importers dollars at the end of the year.
The government report showed that exports grew 15.9 percent in October, showing the slowest growth rate in almost two years. Data from HSBC Holdings Plc and Markit Economics, said China's manufacturing industry could slow this month. The currency may weaken further requiring importers dollars at the end of the year.
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