The yuan has declined 3.6% this year, all but wiping out the gap between the currency’s current price and the median year-end forecast of 6.75 a dollar. Photo: BloombergHong Kong/Beijing: The yuan may be in for a tough few months. The currency is now just 1.3% off 6.83, the level at which China pegged the yuan after the 2008 global financial crisis. The yuan was trading at 6.7405 Thursday afternoon. China officially refers to the yuan as the renminbi, or the “people’s currency.” Bloomberg

Source: Mint October 20, 2016 06:33 UTC