The Chinese yuan fell against the dollar, it could help exporters cope with new US tariffs



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BEIJING, July 20 (WebNoviny.sk) – The Chinese yuan (CNY) has fallen to its lowest level in 12 months, at 6.8 CNY / USD, against the dollar. Friday's Chinese currency value is 7.6% lower in February against the dollar in mid-February

The fact that the Chinese central bank leaves a heavily-controlled yuan weakening the dollar could help the country's exporters to cope with rising US dollars "am-card-image =" top "srcset =" https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-81×54.jpg 81w, https : //cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-676×451.jpg 676w, https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-768×512. jpg 768w, https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-992×661.jpg 992w, https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos- 487668862-160×107.jpg 160w, https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-312×208.jpg 312w, https://cdn.webnoviny.sk/sites/32/2018/ 07 / thinkstockphotos-487668862-672×448.jpg 672w, https://cdn.webnoviny.sk/sites/32/2018/07/thin kstockphotos-487668862-120×80.jpg 120w "sizes =" (max-width: 81px) 100vw, 81px "data-dominant-color =" # 264793 "/>

The United States, the European Union" am-card-image = "top" srcset = "https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-81×54.jpg 81w, https://cdn.webnoviny.sk/sites /32/2018/07/thinkstockphotos-487668862-676×451.jpg 676w, https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-768×512.jpg 768w, https: //cdn.webnoviny .sk / sites / 32/2018/07 / thinkstockphotos-487668862-992×661.jpg 992w, https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-160×107.jpg 160w, https: / /cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-312×208.jpg 312w, https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-672×448.jpg 672w , https://cdn.webnoviny.sk/sites/32/2018/07/thinkstockphotos-487668862-120×80.jpg 120w "sizes =" (max-width: 81px) 100vw, 81px "data-dominant-color =" # 264793 "/>

This decline " provides a co mpensation important for the loss of export competitiveness for Chinese exporters " by Rajiv Biswas of IHS Markit

but analysts also predict that tensions in business relations increase the nervousness of investors, but the decline in the yuan is mainly due to the slowdown in Chinese economic growth and interest rates in China and the United States are in the opposite direction

) increases interest, but Beijing releases the Access to loans to support the economy

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