renminbi

Chinese renminbi hits 18-year low as it becomes trade war flashpoint

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https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Chinese renminbi hit an 18-year low on Thursday as the currency became a serious flashpoint in trade tensions between the US and China. The onshore renminbi, which trades in a band set … Read more

China’s renminbi weakens to lowest level since 2007

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https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] US stocks surged on Wednesday after Donald Trump backed down from his plans to hit trading partners with steep tariffs, but investors and analysts said uncertainty over the duties would persist. The S&P 500 jumped 9.5 per cent on Wednesday, while the tech-heavy Nasdaq Composite jumped 12 per cent, the best days since … Read more

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