Chinese currency weakens to 5-Year low
Chinese currency weakens to 5-Year low
Beijing - QNA
The Chinese yuan has sunk to the lowest level since February 2011 after US Federal Reserve chief Janet Yellen said an interest rate hike in the next few months might be appropriate if economic data improves.
Yellen's comments on Friday boosted the dollar against other major currencies.
The central parity rate of the yuan on Monday weakened 294 basis points on Monday to 6.5784 against the dollar, according to the China Foreign Exchange Trading System.
The central bank strictly controls yuan trading and sets a daily middle point from which the currency can trade up or down 2 per cent each day
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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