The value of the Chinese yuan against the dollar fell after the US Federal Reserve (FED)'s latest interest rate hike.

APA reports that the dollar-yuan currency basket crossed the psychological limit for the first time.

One dollar was set at 7.2458 yuan in Chinese money markets today.

This is the lowest figure since January 2008.

The Chinese yuan has lost 3 percent in the past week since the Fed's last rate hike on September 21.