Yuan Settles After Tension Affects Currencies- 15 August, 2017
With China setting its midpoint rate ti 6.5589 per Dollar, the Yuan weakened against the Dollar by 0.13 percent after its strongest in 11 months open just the day before. This is a reflection of the current political tension between the U.S. and North Korea having cooled off for the time being. A cap was put on the Yuan after the demand on the Dollar rose.