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Trade war

Trade headwinds roil Asian currencies

Yuan, won and Australian dollar suffer as investors shelter in the dollar

The yuan continues to weaken, suggesting China is content to let it slide for now. (Photo by Akira Kodaka)

TOKYO -- Emerging-market currencies are falling as risk-averse investors pull money out of countries at risk of collateral damage from the U.S.-China trade war.

The yuan fell to 6.72 against the dollar at one point on Thursday, nearing the 11-month low it reached on July 3. China "may be tolerating currency weakness" to sustain exports against a barrage of U.S. tariffs, said Shuji Shirota of HSBC Securities in Japan

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