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

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In