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China’s yuan tumbles to its lowest in nearly eight years as dollar jumps after U.S. election

3 months ago
Lucas Niewenhuis
ne U.S. dollar is now worth up to 6.86 Chinese yuan, the greatest disparity since the financial crisis. Multiple sources have pointed to the strong demand for U.S. currency in response to the election as the cause, and they expect the trend to continue due to president-elect Trump’s fiscal stimulus plans.
By Lucas Niewenhuis
Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the publication's newsletter, app, and website. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.
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