Yuan Drops With No End To Trade War In Sight – 8 November, 2018
Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo
With no sign to an end of the trade war between the U.S. and China after the midterm elections, the offshore yuan fell 0.1 percent to 6.9462 per dollar. The dollar index managed to hold on to 0.6 percent overnight gains. The yen climbed to 113.91 per dollar, up 0.1 percent, and the euro dropped 0.2 percent to $1.1344. Gold dipped by 0.4 percent to $1,219.27 per ounce, and West Texas Intermediate Crude fell 0.4 percent to $60.57 per barrel.