China’s Currency Has Its Worst Month In 25 Years

by Jason Burack via Wall St For Main St

China’s currency, the Yuan or RMB, had its worst month in 25 years since 1994 when the country’s currency reform began.

• China’s yuan on course for worst month since 1994
• China’s currency is poised for its worst month on record after weakening beyond the barrier of 7 yuan per US dollar