You are here: Home » Reuters » News
Business Standard

China's yuan weakens on trade war fears, stocks rebound

Reuters  |  SHANGHAI 

SHANGHAI (Reuters) - China's yuan fell against the dollar on Thursday, knocked lower by the worsening Sino-U.S. trade dispute and after the central bank set its lowest daily fixing for the currency in nearly a year, although stocks clawed back heavy losses.The onshore yuan was changing hands at 6.6769 as of 0715 GMT, a hair weaker than Wednesday's late onshore close of 6.6750, but regaining ground after crossing the key 6.7 to the dollar level in the morning session to touch 6.7051.Reversing the previous session's slide, the Shanghai Composite index ended the day Thursday up 2.2 percent. It ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, July 12 2018. 13:11 IST