China has let the value of the yuan slip against the RMB index as tensions with the US grow and the economic outlook remains murky. Photo: AP
China has let the value of the yuan slip against the RMB index as tensions with the US grow and the economic outlook remains murky. Photo: AP
Yuan
Economy /  China Economy

China lets yuan drop to five-month low on US tensions, uncertain global economic outlook

  • Against the RMB index, which is made up of a weighted basket of currencies from China’s major trading partners, the yuan has declined for 16 straight trading sessions
  • The Chinese currency has stabilised against the US dollar in May, but could fall again if Washington takes action over the Hong Kong national security law

Karen Yeung
Karen Yeung

Updated: 8:12pm, 9 Jun, 2020

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China has let the value of the yuan slip against the RMB index as tensions with the US grow and the economic outlook remains murky. Photo: AP
China has let the value of the yuan slip against the RMB index as tensions with the US grow and the economic outlook remains murky. Photo: AP
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