China's yuan slid to the weakest in two years as hawkish Fed signals more rate hikes

The Chinese yuan sank to the lowest level in two years after hawkish comments by Federal Reserve chairman Jerome Powell spurred a recent rally for the greenback.

source https://www.cnn.com/2022/08/29/economy/china-yuan-lowest-in-two-years-hawkish-fed-intl-hnk/index.html