Chinese yuan hits four-month low amid US tariff fears and mixed economic signals.

The Chinese yuan hit a four-month low on Monday, falling to 7.2675 per US dollar, amid concerns over US tariff threats and mixed economic data. Despite a private survey showing strong manufacturing growth, a weaker-than-expected non-manufacturing PMI raised worries about the economy, suggesting it may need more policy support. The yuan's decline comes as China faces potential further US tariffs, with the currency's future volatility expected due to possible trade tensions.

December 02, 2024
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