RMB Falls Sharply After Brexit Announcement

RMB Falls Sharply After Brexit Announcement
Jun 28, 2016 By eChinacities.com

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The Chinese Central Bank reported yesterday that the Yuan depreciated 599 points against the US dollar after the Brexit. The average exchange rate of the Yuan was set at 6.6375 to the dollar. This is the biggest drop since August 13.

The United Kingdom’s decision to withdraw from the EU had a negative impact on many global markets and caused the Yuan to fall sharply.

Source: inews.qq.com

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Keywords: Brexit Chinese Central Bank Yuan depreciation

4 Comments

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1

Pahionius
comment|72014|100303

I get my salary in RMB... I hope it will go back to 6.8 ...

Jul 05, 2016 13:39 Report Abuse

2

The-Final-Say
comment|71934|233182

Wake me up when it goes back to 8.3RMB per Dollar, then we will talk.

Jun 29, 2016 10:23 Report Abuse

3

rainiersales
comment|71938|257733

those where the days!

Jun 29, 2016 16:26 Report Abuse

4

Guest388182
comment|71926|43131

YAY!

Jun 29, 2016 03:32 Report Abuse