China’s onshore Yuan exchange rate (CNH) has weakened to 7.0736 per US Dollar, the weakest level since March 19, 2008, according to Reuters. The offshore exchange rate, as represented by the USD/CNH pair, is currently trading at a nine-day high of 7.0867. The Chinese currency has come under pressure a day after the minutes of the Federal Reserve’s July meeting showed the policymakers were reluctant to start a full-blown easing cycle. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crypto market update: BTC falls below $10,000 as market plunges FX Street 4 years China's onshore Yuan exchange rate (CNH) has weakened to 7.0736 per US Dollar, the weakest level since March 19, 2008, according to Reuters. The offshore exchange rate, as represented by the USD/CNH pair, is currently trading at a nine-day high of 7.0867. The Chinese currency has come under pressure a day after the minutes of the Federal Reserve's July meeting showed the policymakers were reluctant to start a full-blown easing cycle. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
