China's currency fell Wednesday to its lowest level against the dollar in more than a year amid a dollar rally and an escalating trade fight with the US. The yuan shed as much as 0.3% to 6.7244 versus the greenback, which has been holding close to one-year highs on the US dollar index. Federal Reserve Chair Jerome Powell gave an upbeat testimony before Congress a day before, saying the economy is growing "considerably stronger" and reaffirming the central bank will continue on a path of "gradually" raising its benchmark interest rate. While some of the yuan's depreciation is the result of a greenback rally, it ... (full story)