Fluctuations of yuan exchange rate 'normal'
By Chen Jia and Xin Zhiming | China Daily | Updated: 2019-08-06 07:34
Renminbi expected to remain stable despite its weakening against US dollar, central bank says
The renminbi's exchange rate will maintain equilibrium thanks to China's stable economic fundamentals, the central bank said on Monday.
The onshore exchange rate of the renminbi fell beyond 7 per dollar - the first time since May 2008 - when market trading opened on Monday.
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