Yep, the Chinese yuan has been weakening.
Here’s a quick article from the Wall Street Journal on what is going on, if you need a catch up:
- Here’s what happened:
- Why does this matter now? Why are they doing it?
- Why does China want to free its currency in the long term?
- Why else?
And more, here (this one is gated though): China’s Central Bank Engineered Yuan’s Decline