China’s yuan just weakened to an important level. One analyst says it’s ‘retaliation’ for tariffs

China’s yuan just weakened to an important level. One analyst says it’s ‘retaliation’ for tariffs

In the afternoon of Asian trading hours, onshore trade of the Chinese yuan changed hands at 7.0304 against the dollar, while the offshore yuan traded at 7.0807 against the greenback. The sharp …