Press "Enter" to skip to content

Chinese yuan hit fresh 11-year low as trade tensions escalate further


Chinese yuan weakened to a fresh 11-year low against the US dollar on Friday, fuelling concerns that China has given up ending the trade war with the US in the near term and will devalue the currency further to offset the effect of Trump's punitive tariffs on Chinese goods.

The offshore yuan extending its losses to near 400 pips, or about 0.5 per cent in the night session on Friday to hit a low of 7.1327 . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day


FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In