Many banks are adjusting their forecasts for the yuan in the light of its depreciation after more than a year of trade war with the US. Photo: Roy Issa
Many banks are adjusting their forecasts for the yuan in the light of its depreciation after more than a year of trade war with the US. Photo: Roy Issa
Yuan
Economy /  China Economy

China’s yuan exchange rate set to post largest monthly decline since 1994

  • Yuan falls 3.8 per cent against the US dollar in August, the largest decline since China unified its two exchange rates more than 25 years ago
  • Analysts expect China to let the yuan continue to depreciate to offset the impact of higher US trade tariffs

Karen Yeung
Karen Yeung

Updated: 8:05pm, 30 Aug, 2019

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Many banks are adjusting their forecasts for the yuan in the light of its depreciation after more than a year of trade war with the US. Photo: Roy Issa
Many banks are adjusting their forecasts for the yuan in the light of its depreciation after more than a year of trade war with the US. Photo: Roy Issa
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