XE Market Analysis: Chinese Yuan Hits 6-Year Low

OVERVIEW The ECB left its QE program on hold, unveiling that there were no discussions for any further loosening in policy. In the UK, the release of the public finances reported a widening in the public finances deficit. The Euro drops to its lowest levels since June against the US dollar as investors feel underwhelmed by the ECB. Despite a decrease in the number of jobs in Australia, the unemployment rate dipped to 5.6% HIGHLIGHT The Chinese Yuan hit a new six-year low, above 6.76 against the US dollar. The Yuan continues to weaken as capital outflows rise in Q3.…

Source: XE news feed
XE Market Analysis: Chinese Yuan Hits 6-Year Low