China's yuan falls to 2019 low after Trump tariff threat

World News: . []

China's yuan falls to 2019 low after Trump tariff threatChina's yuan has fallen to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan fell to 6.950 to the dollar, its lowest level since December, on Friday but recovered slightly by midday. Trump's tariff hikes in a fight over China's trade surplus and technology ambitions has put downward pressure on the yuan by fueling concern about China's economic growth.

Read More: LINK 

Published: .

Search for other references to "china" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
Privacy Policy | Terms and Conditions | Contact Us