China’s yuan nears 13-month low in holiday-thinned trading
China’s yuan slipped and traded near a 13-month low against the dollar on Wednesday, weighed down by broad greenback strength and widening yield differentials in the world’s two largest economies. Meanwhile, trading was tepid as many global markets have headed into holiday season. As of 0251 GMT, the onshore yuan was 0.05% lower at 7.2986…