China threatens US dollar’s global status → The renminbi falls back against the dollar
The renminbi falls back against the dollar
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epa02218193 Chinese 100 yuan or renminbi banknotes and 100 U.S. dollars in Beijing, China, 23 June 2010. The renminbi fell back against the dollar on 22 June, a day after Beijing let the Chinese currency appreciate against the U.S. dollar. Analysts say China allowed a slight drop of the renminbi against the dollar hoping to prevent speculators gaining from a stronger currency. EPA/DIEGO AZUBEL
