TOKYO -- The yuan has depreciated to the lowest level in a decade against the euro, setting the stage for low-cost Chinese goods to flood the European market and create trade frictions between the two sides.
Currencies
Yuan hits 10-year low against euro, threatening trade tensions
Depreciated currency could trigger inflow of low-cost Chinese imports into Europe
The Chinese yuan has weakened along with the U.S. dollar, while the euro has gained strength this year. (Photos by Akira Kodaka)
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