Does Fed raise rates to weaken China yuan? USDCNH

I wanted to take a moment to share some exciting news with you all about the China Yuan USDCNH (US dollar and Chinese yuan) currency pair.

I wanted to take a moment to share some exciting news with you all about the China Yuan USDCNH (US dollar and Chinese yuan) currency pair.

As many of you may know, the Chinese economy has been showing signs of weakness lately, directly impacting the yuan's value. The Federal Reserve has also raised interest rates, weakening the yuan against the US dollar.