The Chinese Yuan, or renminbi, reaches a 16-month low as markets react to uncertainties surrounding the upcoming inauguration of U.S. President-elect Donald Trump for a non-consecutive second term. On Wednesday, the renminbi dips by 0.1%, trading at Rmb7.34 against the dollar, marking its weakest level since September 2023. This occurs despite the People’s Bank of … Continue reading Chinese Yuan Drops To 16-Month Low Ahead Of Trump’s Inauguration