SHANGHAI/HONG KONG -- The Chinese yuan traded on the mainland hit a six-month low against the dollar of 7.2488, highlighting the divergent monetary policies of the world's two biggest economies.
Currencies
Chinese yuan falls to six-month low on dollar strength
Gradual weakening highlights U.S., China monetary policy divergence
High interest rates and efforts by Chinese policymakers to stimulate the economy pose an ongoing challenge to the yuan's value. © Reuters
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