ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Forex

China's falling currency may be prelude to protectionist showdown

HONG KONG -- The Chinese currency on Tuesday touched its weakest level against the dollar since the early days of the global financial crisis in 2008. While there are signs Beijing is allowing the gradual depreciation, it has little to show for the downtrend, and this could be the beginning of a risky game with a Donald Trump-led U.S.

The Chinese central bank on Tuesday morning announced a reference rate of 6.8495 yuan to the dollar. This marked the eighth consecutive daily decline and the weakest rate since December 2008.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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