Offshore Yuan Reaches Historic Low

China's offshore yuan has plummeted to an unprecedented low against the US dollar, marking a significant moment in the ongoing trade disputes between the two global economic powerhouses.

Trump's Tariff Threats Intensify Trade War

US President Donald Trump has recently threatened to impose additional tariffs on Chinese goods, escalating tensions further. This comes after both nations exchanged retaliatory tariffs, with China targeting US products last week.

Market Reaction

The US dollar saw a 0.45% increase against the offshore yuan, trading at 7.37921 at 10:35 am ET. Meanwhile, the onshore yuan remained stable against the dollar at 7.30632.