Yuan slides past key 6.9/dollar mark on fresh U.S.-China tensions

China's yuan fell past the psychologically-important 6.9 per dollar level to its weakest in nearly five months on Friday, amid signs of an escalation in Sino-U.S. trade tensions. The Chinese currency is set for a fifth straight weekly loss and has already shed around 2.5 percent to the dollar since U.S. President Donald Trump said on May 5 he was going to raise tariffs on $200 billion of Chinese imports. Market sentiment has been hurt further by U.S. gove

from Reuters: Company News https://reut.rs/2LQtyBv