Offshore Yuan Reaches Historic Low

China's offshore yuan has plummeted to its lowest level ever against the US dollar, a clear indicator of the intensifying trade tensions between the two global economic powerhouses.

Trump's Tariff Threat Fuels Market Volatility

US President Donald Trump's recent warning about imposing additional tariffs on Chinese goods has further strained relations, following last week's exchange of retaliatory duties between the nations.

Market Reactions

The dollar surged by 0.45% against the offshore yuan, trading at 7.37921 by mid-morning ET. Meanwhile, the onshore yuan remained stable against the dollar at 7.30632.