TOKYO (Reuters) – The offshore yuan fell more than 0.5 percent in early trade on Wednesday after Washington announced a plan to slap tariffs on $200 billion of imports from China, escalating tensions between the world’s two biggest economies.
The yuan fell as low as 6.6895 per dollar CNH=D4, down more than 0.5 percent from late U.S. levels and edging near its 11-month low of 6.7344 touched on July 3.
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