Yuan slides to 11-year low as trade war rattles investor confidence
LONDON: China’s yuan fell to an 11-year low in the onshore market and a record low offshore on Monday after the latest escalation in the US-China trade war rattled investor confidence. President Trump announced an additional 5% duty on $550 billion in targeted Chinese goods on Friday, hours after Beijing unveiled retaliatory tariffs on $75 billion worth of US products, sending stocks into a tailspin and investors … Continue reading Yuan slides to 11-year low as trade war rattles investor confidence