China’s yuan is gradually depreciating towards the psychologically important level of 6.9 per US dollar. Photo: Bloomberg

People’s Bank of China lowers yuan fix to three-week low after fresh tariff salvo by Washington

Any heavy-handed response by China to Donald Trump’s new tariffs, such as flat-out import restrictions, could bring the big market ‘bears out of hibernation’, an analyst has warned

Topic |   Yuan

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China’s yuan is gradually depreciating towards the psychologically important level of 6.9 per US dollar. Photo: Bloomberg
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