China’s Yuan currency experienced its biggest monthly drop in last 25 years. Yuan decreased 3.85% against the US dollar in August because of trade war between China and US and the weak economic growth of China. Analysts expect Yuan to continue this bearish trend as Chinese authorities try to offset the influence of higher US…
Yuan
Increase of China Gold Inventory in order to cope with Yuan Devaluation
Market participants declared that by approaching to September and the possibility of #US new #tariffs on #Chinese_goods and products, #demand for buying #dollar has increased in #China. Central bank of China had limited the import of #gold in previous months in order to prevent the exit of wealth from China and increase the value of…