SHANGHAI, June 17 (Reuters) - China's yuan weakened on Thursday to a more-than-three-week low against a broadly stronger dollar as the U.S. Federal Reserve adopted a more hawkish outlook. We still need to watch U.S. Federal Reserve officials' comments and U.S. data," said a trader at a foreign bank, noting that increasing Fed hawkishness could prompt the dollar to continue rising. SHANGHAI, June 24 (Reuters) - China's yuan weakened on Thursday after the country's central bank fixed its daily midpoint weaker for an eighth consecutive session, and as the dollar stalled after taking support from Fed official comments over persistent inflationary pressures. Cheung added that the central bank had warned the market multiple times of a possible rebound in the dollar and a corresponding retreat in the yuan. Market participants widely believe the 98-level could act as the ceiling for the index, which officially publishes on a weekly and monthly basis.
China's purchasing power is unimportant in understanding the nuances of this naval flight.
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China 's purchasing power is unimportant in understanding the nuances of this naval flight .
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