China's yuan falls to 2-month low as dollar gains on US election bets


A person holds Chinese yuan banknotes. — Reuters

SHANGHAI: China's yuan on Tuesday eased to a two-month low against the dollar, which is drawing support from bets of a possible return of Donald Trump to the White House and as markets await more details of stimulus steps from a top Chinese leadership meeting.

The spot yuan opened at 7.1320 per dollar and fell to a low of 7.1367 in morning trade, its weakest level since Aug. 23. The yuan was last trading 79 pips lower than the previous late session close at 7.1345 as of 0247 GMT.

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China , Yuan , PBoC , US dollar , Donald Trump

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