News Snapshot:
China's yuan has tumbled in recent weeks. Bloomberg Creative/Getty Images China's yuan is at the lowest since 2022 by traditional metrics as economic growth has disappointed. But one measure of its real effective rate puts the currency at the lowest since 2014. "So valuation-wise, renminbi is starting to look cheap," a Macquarie foreign exchange strategist said. China's yuan has fallen to the lowest rate in nearly a decade by one measure, and Beijing is OK with that for now, according to a foreign exchange strategist. The yuan is at the lowest against the US dollar since November amid a disappointing...
