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

Traders ask how low China will go as yuan hits 4-month dip

Analysts suspect official tolerance in Beijing for softer currency

A man scoops yuan coins at a laundry in Zhengzhou, China.   © Reuters

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.

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