China's yuan sinks to record low against dollar ahead of key National Congress

Beijing [China], October 1 (ANI): Ahead of the 20th National Congress later this month, China's yuan, also known as the Renminbi, remained near a record low level against the US dollar on the offshore market this week.

The yuan reached a record low in the last week of September against the dollar after hikes in US interest rates made traders convert money into dollars, according to US media reports.

This fall comes as maj