China’s currency hits 16-month low on Trump tariff fears

Quick Summary:

Trump has said he would impose 60 per cent tariffs on China on his first day in office.

China’s benchmark CSI 300 index and Hong Kong’s Hang Seng index both shed 1.3 per cent.

On Wednesday, the PBoC announced a daily fixing rate of Rmb7.1887 against the dollar, almost unchanged from Tuesday’s fixing of Rmb7.1879.

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Article Details

Author / Journalist: William Sandlund

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong KongIndonesiaTaiwan

Topics: Cent China’s Dollar Financial Currency Trump Exchange Rmb7 Renminbi Rate Weakened

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 05:43:17 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24970105

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About Financial Times

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