China's yuan falls to 2019 low after Trump tariff threat

China's yuan falls to 2019 low after Trump tariff threat https://ift.tt/2LVzXur August 02, 2019 at 11:43AM Yahoo News - Latest News & Headlines https://ift.tt/27ryfmF

China's yuan fell Friday to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The U.S. Treasury Department declined in May to label China a currency manipulator but said it was closely watching Beijing. Trump's tariff hikes in a fight over China's trade surplus and technology ambitions have put downward pressure on the yuan by fueling fears economic growth might weaken.

from Yahoo News - Latest News & Headlines https://ift.tt/2YmAnQS
Yahoo News - Latest News & Headlines