China is struggling to get its economy back on track as the coronavirus outbreak dampens trading activity. Photo: AFP
China is struggling to get its economy back on track as the coronavirus outbreak dampens trading activity. Photo: AFP

Coronavirus: China’s yuan set to fall as millions return to work amid Covid-19 crisis

  • China’s yuan has eased only 0.6 per cent against the US dollar this year, much less than the currencies of South Korea or Singapore
  • But analysts say the yuan will face increased volatility as the new coronavirus continues to dampen economic activity in China

China is struggling to get its economy back on track as the coronavirus outbreak dampens trading activity. Photo: AFP
China is struggling to get its economy back on track as the coronavirus outbreak dampens trading activity. Photo: AFP
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