Yuan near record lows as markets await US diplomatic response

By William Clarke
Published: Friday, 29 May 2020

The offshore yuan is near record lows against the dollar while diplomatic tensions between the United States and China rise, which could lower the price of Chinese-produced metals and minerals.

In offshore markets, which are less tightly controlled than markets in mainland China, the yuan briefly hit a record low of 7.20 to the dollar on Thursday May 28. At time of writing it is trading slightly above that level at 7.17 to the dollar.


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