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China’s currency just dropped to its lowest level in a decade — and US exporters will pay the price – Business Insider

Reuters China’s renminbi slipped to its lowest level in a decade on Thursday, after earlier this month allowing its currency to weaken to more than 7:1 to the dollar. The weaker currency will help China in the trade war, as it helps to stop capital flight o…

Reuters
China’s renminbi slipped to its lowest level in a decade on Thursday, after earlier this month allowing its currency to weaken to more than 7:1 to the dollar.
The weaker currency will help China in the trade war, as it helps to stop capital flight o…
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