China’s slumping currency sank to an eight-year low on Tuesday sparking concerns of possible frictions with US trade officials when the Trump administration takes office. Photo: Simon Song

Chinese yuan slumps to 8-year low as dollar extends gains

Daiwa analysts predict sharper depreciation, forecasting the yuan at 7.50 per dollar by year end. Offshore yuan traded in Hong Kong 0.07pc lower on Tuesday at 6.8584

Topic |   Yuan

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China’s slumping currency sank to an eight-year low on Tuesday sparking concerns of possible frictions with US trade officials when the Trump administration takes office. Photo: Simon Song
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