SINGAPORE/HONG KONG: The offshore yuan languished near record lows struck overnight in early trading on Wednesday, as investors fretted about intensifying Sino-U.S. trade tensions and the impending 104% tariffs on China.
The declines in the yuan this week have come as a trade war between the world's two largest economies escalates and after the central bank loosened its grip on the currency in what analysts said was an attempt to counteract the blow to exports from tariffs.
