ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business Insight

Trade war could delay yuan challenge to dollar's global role

Beijing's disenchantment with U.S. currency's unique status is growing

The Chinese yuan has weakened rapidly in recent weeks, beset by U.S. President Donald Trump's threatened trade war. The currency hit a low of 6.69 to the dollar on July 3, from a recent high of 6.27 on April 14, and was trading at 6.61 on July 9, despite statements from central bank officials supporting a stable price.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more