Yuan ends domestic session at weakest since 2007 as outflow pressure builds

China's yuan finished the domestic session on Friday at its weakest since the global financial crisis, hit by capital outflow pressures as the economy struggles. A growing yield gap with other major economies, particularly the United States, has also put fresh pressure on the yuan and a number of other emerging currencies.

The onshore yuan ended the domestic trading session at 7.3415 per dollar, its weakest close since Dec.26, 2007.