China's yuan to slip to new decade lows as trade war drags on

BENGALURU: The Chinese yuan will slip by year-end to deeper lows last hit against the U.S. dollar during the 2008 global financial crisis as the authorities nudge the partly managed currency down while the U.S.-China trade war rumbles on, a Reuters poll showed.

With global uncertainties aplenty and a U.S. election year approaching, any possible resolution to the trade war at next week's talks will be hampered by signs of a weakened yuan. Chinese markets are closed until Oct. 7 for public holidays.