Yuan Falls Toward This Year’s Low as Chinese Economy Sputters

(Bloomberg) — China’s yuan fell toward its weakest level this year after a series of disappointing economic figures added to concern about the nation’s sputtering growth.

The offshore yuan dropped as much as 0.3% Monday to 7.2816 per dollar, less than 0.1% from its 2023 low of 7.2857 set in June. The currency has now tumbled about 5% this year, the worst performer in Asia after the yen and South Korea’s won.