中美貿易戰

What next for the renminbi after breaching Rmb7 per dollar?

The renminbi weakened past Rmb7 per US dollar on Monday for the first time since the 2008 global financial crisis, breaching a floor that China’s central bank has fiercely defended previously.

Here are four key questions that global markets are facing now that this longstanding mooring for China’s foreign exchange rate has been abandoned.

Why let the renminbi breach Rmb7 now?

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