The U.S. dollar has hit a low in recent days, but that doesn’t mean it’s falling as fast as other major currencies.
The U.K. pound is down about 0.1 percent in recent trading and has been losing around 2.5 percent for the past two weeks.
That’s not good enough for China’s yuan, which has been trading near its lowest level in a month.
Its trade gap has been closing steadily since March.
It’s now below 0.5% and has lost about 1.5 percentage points since last Friday.
While the U.KS. dollar and yen are trading around par with each other, the dollar has fallen to levels that suggest it’s not quite as strong as the rest of the world.
The yen is down around 0.8 percent in the past 24 hours, the strongest since February.
It fell by 1.4 percent to 115.23 against the dollar on Tuesday.
The euro has fallen by 1 percent against the greenback this week and has dropped to $1.1795 per euro in the meantime.
It has gained 0.3 percent so far this year, compared with a 0.4-percent rise over the same period last year.
The pound has also fallen by 0.6 percent against a basket of currencies.
This week, China’s central bank is expected to release its second-quarter growth outlook, which will likely include its long-term outlook for economic growth and inflation.
The outlook will also likely include a discussion of China’s currency devaluation, and how the country might react to such an event.
As of this writing, the central bank has not released its long term outlook.
The economy is expected a strong 4.3-percent expansion in 2018, and the economy will grow 5.1-percent this year.