Trade War: Yuan and Chinese Currency

trade war: That could make the trade war between China and the United States even more complicated, according to CNN. One US dollar bought 6.92 yuan on Friday. Yuan alert The yuan just hit its lowest level against the dollar since November 2018. The Chinese currency has weakened by almost 2.7% this month and is now uncomfortably close to the symbolically important level of 7 to the dollar, last breached during the 2008 financial crisis. China has a vested interest in stabilizing the currency, as does the United States. What happens next is important. (news.financializer.com). As reported in the news.