Protests in China drive yuan down

Anti-government protests in China have led to a decline in yuan rate to a two-week minimum.

Report informs via Reuters that Chinese yuan ended the internal session with at least 0.5% decline to 7.199 per dollar, the lowest close since November 10. The offshore yuan dropped to more than a two-week minimum on Asian trading platforms and the last time it dropped by 0.1% to 7.201.

Protests erupted across China and swept through several cities. Hundreds of protesters crashed with the police in Shanghai the day before.