The yuan slumped 219 basis points to 6.9967 against the US dollar

Photo archive – A Chinese employee counts US dollar banknotes on RMB yuan (renminbi) banknotes at a bank in Hai’an city, Nantong city, east China’s Jiangsu province, August 6, 2019. Armfalcon.com/Oriental Image via Reuters Connect- Xu jingbai/pri.