The following is an excerpt. To view the full article please visit the link below.

The yuan fell, heading for the steepest monthly decline since the August devaluation, after the Federal Reserve chief said an interest-rate increase could come in the next few months.

The yuan declined 0.26 percent to a three-month low of 6.5823 at 4:37 p.m. in Shanghai, extending losses this month to 1.55 percent. The People‚Äôs Bank of China cut the fixing by 0.45 percent to 6.5784 per dollar, the weakest level since February 2011, after the greenback strengthened. The U.S. currency is poised for the biggest monthly gain since September 2014 as Fed Chair Janet Yellen said on Friday higher interest rates in...

* * *
Program
The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.