Depreciation: Yuan and Dollar

depreciation: Those concerns, according to several experts interviewed this week by the Global Times, are unfounded, according to Global Times China. The yuan recent depreciation has more to do with the dollar appreciation than any problems with the domestic economy, they said, though, China ongoing economic transformation has had some influence on the currency. The yuan depreciation sparked concerns that the Chinese currency might spiral out of control. Still, they see the recent depreciation of the yuan as "orderly" and don't believe it will get out of hand. On Tuesday, the yuan central parity rate, also known as the reference rate, weakened by 54 basis points to 6.7744 against the US dollar, touching a six-year low. Photo: CFP The yuan depreciating trend against the US dollar became evident again in October, not long after market worries had somewhat eased over the fluctuating Chinese currency, which has been on a downward path for more than a year. (news.financializer.com). As reported in the news.