China's yuan slides to 4-month low on tariff threats and mixed PMI data
3 weeks ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest pace in five months in November. The spot yuan opened at 7.2450 per dollar and was last trading 170 pips lower than the previous late session close at 7.265 as of 0327 GMT and 1.09% weaker than the midpoint. LEVELS AT 0327 GMT INSTRUMENT CURRENT UP/DOWN VS. CHANGE HIGH LOW PREVIOUS YR-TO- CLOSE % DATE Spot yuan 7.265 -0.31 -2.26 7.245 7.267 China's yuan slides to 4-month low on tariff threats and mixed PMI data

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