Offshore Yuan To Record Low, Stocks Tumble

The offshore Yuan fell to a record low in reaction to the latest round of US-imposed tariffs on China.

Video Length: 00:02:45

In our Monday preview piece, we highlighted the fact that monetary policy and yield differentials would be taking a backseat as a driving force behind movement in markets, with global trade wars heating up. And shortly after publication, things intensified in this direction, with the offshore Yuan sinking to a record low.

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