China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
Source: Live Mint Emerging-market currencies dropped Wednesday, with an index of developing-nation currencies heading for its steepest one-day loss in a week and a half. The offshore yuan sank as much as 0.5% to 7.2921 per dollar after Reuters reported that Beijing may let the currency weaken further next year to offset the impact of…