SHANGHAI -- China's currency fell to its lowest level against the U.S. dollar in 19 months on Tuesday after the central bank set its reference rate weaker amid a rapidly escalating trade war.
Currencies
China's yuan hits 19-month low after central bank guides currency weaker
Fixing at 7.2 per dollar may signal more proactive stance to ease trade war impact
The People's Bank of China fixed the yuan reference rate at 7.2038 per dollar on April 8, the weakest level since September 2023. © Reuters
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