Offshore Yuan Reaches Historic Low Against the Dollar

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

Trump's Tariff Threats Escalate Tensions

Adding fuel to the fire, US President Donald Trump has threatened to impose further tariffs on Chinese goods, following a series of retaliatory measures from both sides last week.

Market Reactions

By 10:35 am ET, the dollar had surged 0.45% against the offshore yuan, trading at 7.37921. Meanwhile, the onshore yuan remained stable, with the dollar trading at 7.30632 shortly after.