China weakens yuan-dollar rate below 6.9 mark

The depreciation of the yuan is a result of a strong dollar supported by an interest rate hike next month that can be regarded as a "certain" move that is in line with market expectations, said Chen Fengying, a senior researcher with China Institutes of Contemporary International Relations. Options prices show there's a 46 percent chance for the yuan to drop to 7 per dollar by the end of this year, double the odds of just two months ago. It's the 12th day in a row Beijing has guided the yuan lower, amid suspicions Beijing is willing to let the currency weaken to help exports.

"I think after Mr. Trump takes office, he will be reminded that the United States should honor its obligations as a member of the World Trade Organization", Zhang said through an interpreter, Reuters reported.

The Chinese currency yuan, weakened 125 basis points to 6.8904 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System. He has vowed to brand China a currency manipulator as part of measures to counter what he says are unfair trade practices.

United States service member dies after explosion in Syria
Another official said that they must have to be thankful for this thanksgiving day, to whom which protect their homeland. It is the first US soldier to be killed in Syria in the campaign against the Islamic State in Iraq and Syria ( ISIS ).

The weakening yuan has aggravated concerns about capital outflow as China's economy grew at the slowest pace since the global financial crisis. The yuan "had no choice but to catch up with the strong dollar", one trader at a foreign bank in Shanghai said.

"Intervention that is too obvious would draw much attention", said the trader at the foreign bank.

The yuan has depreciated more than 5 percent against the dollar so far this year, with its decline gathering speed since Republican Donald Trump's upset US election win boosted the greenback against most other global currencies.

Rob Kardashian Thinks His Newborn Daughter Dream Has a 'Kris Jenner Haircut'
The former stripper shared a video of herself holding her baby as Rob zoomed in on the newborn. The Daily News said Chyna previously said on social media her due date was November 16.

Triggered by heightening expectations for a United States interest rate hike, the yuan's retreat has accelerated since Donald Trump's victory in the U.S. presidential election.

The rebound in the Chinese yuan would likely be short-lived, traders said, noting the outlook for the U.S. dollar remains bullish.

President-elect Donald Trump has threatened a trade war with China, talking up the imposition of punitive tariffs on imports from China.

Dollar hits at 11-month high after upbeat U.S
It entered overbought territory versus its Japanese counterpart for the first time this year, while Goldman Sachs Group Inc. The aussie is losing its allure of the carry trade and fell against its USA counterpart to $0.7523 in Asian trading.

The new way China fixes the yuan exchange rate "encourages" capital flight and has led to a gradual depreciation of the currency, a former member of the central bank's Monetary Policy Committee said on Tuesday.


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