SHANGHAI -- The latest flare-up in the U.S.-China trade war has driven the yuan to its lowest level in four months, a trend that currency market watchers say Beijing may be tolerating to prop up exports.
The People's Bank of China, the country's central bank, on Tuesday set a yuan reference rate of 6.8365 to the dollar -- the weakest since early January. The currency fell to 6.88 at one point in daytime trading.
