An employee counting 100 yuan banknotes at a bank in Lianyungang. — AFP
SHANGHAI: China's yuan hovered near a 13-month low in holiday-thinned trading on Thursday, not far from breaching a key threshold, as widening yield differentials between the world's two largest economies continued to drag the currency.
As of 0303 GMT, the onshore yuan was 0.07% lower at 7.2990 to the U.S. dollar, not far from the psychologically important 7.3 mark and a 13-month low of 7.2999 hit last week.
