Chinese yuan weakens to 6.7543 against USD

Beijing [China], July 25 (ANI): The Chinese currency renminbi, or the yuan, weakened 21 pips to 6.7543 against the US dollar on Monday, according to the China Foreign Exchange Trade System.

The global political turmoil has affected emerging economies across the world, but it is unlikely that the hegemony of the US dollar will be challenged anytime soon as the Chinese yuan has failed to supersede the US currency.

In China'