At the moment, the yuan hovers around 6.9 to the US dollar. Most experts do not expect it to break the psychological and strategic 7 yuan level. Photo: Reuters
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

US and China should reach deal to arrest yuan slide

  • As the currency hovers above its psychological and strategic level to the dollar, agreement between both sides is needed to avoid a worsening phase in trade war

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At the moment, the yuan hovers around 6.9 to the US dollar. Most experts do not expect it to break the psychological and strategic 7 yuan level. Photo: Reuters
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