Yuan’s next move may depend on Trump’s news conference - CNBC
|CNBC carries an article on Wednesday, suggesting that the upcoming Trump’s first news conference post-US elections win will determine the next direction for the Chinese Yuan.
The US president-elect Trump has always been on a war-front with China, labeling the country a currency manipulator for the purposes of a competitive trade advantage and threatening to impose a tariff of as much as 45% on China's exports to the US.
Following a Trump win, the yuan hit more-than eight year lows per dollar, touching the worst levels since global financial crisis.
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