Offshore Yuan Reaches Historic Low

China's offshore yuan has plummeted to its lowest level ever against the US dollar, as tensions between the two economic powerhouses continue to escalate. This development comes amidst a backdrop of retaliatory tariffs and threats of further economic sanctions.

Trump's Tariff Threats Intensify Trade Dispute

US President Donald Trump has recently warned of additional tariff increases on Chinese goods, following a series of retaliatory measures from both nations. These actions have further strained the already tense relations between the US and China, with no immediate resolution in sight.

Market Reactions to the Yuan's Decline

The US dollar saw a significant jump of 0.45% against the offshore yuan, trading at 7.37921. Meanwhile, the onshore yuan remained relatively stable, with the dollar trading at 7.30632 shortly after. These fluctuations highlight the market's nervous response to the ongoing trade dispute.