The Wall Street Journal: Yuan falls to all-time low against dollar in offshore trading

HONG KONG — The yuan hit a record low against the U.S. dollar in offshore trading Friday after strong earnings on Wall Street and weakness in the euro boosted the strength of the greenback.

The dollar reached a high of 6.75651 against the Chinese currency, which trades freely around the clock in offshore markets such as Hong Kong, its biggest trading center. It was last trading up 0.2% at 6.7582.

The yuan has been traded outside China since 2010.

Hong Kong’s markets are closed today as a typhoon lashes the city, with the yuan breaching its previous record around 7:41 a.m.

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