FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Chinese Yuan Falls On Trump Tariff Threats

Chinese Yuan Falls On Trump Tariff Threats

11/12/2024 - 05:16:00 (RTTNews)

(RTTNews) - The Chinese yuan weakened against the U.S. dollar in the European session on Tuesday, amid concerns about possible tariffs on Chinese imports by U.S. President-Elect Donald Trump.

Markets are nervous as they seek clarity on U.S. President-elect Donald Trump's policy proposals, including increased tariffs, and await key U.S. inflation reading later in the week for directional cues.

Against the U.S. dollar, the yuan fell to nearly a 3-1/2-month low of 7.2417 from early high of 7.2180. At yesterday's close, the yuan was trading at 7.2139 against the greenback.

If the yuan extends its downtrend, it is likely to find support around the 7.23 region.

The Chinese central bank sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


U.S. Dollar Gains Against Majors (08 hr(s), 23 min(s), 16 sec(s) ago)
(RTTNews) - The U.S. dollar rose against its major counterparts in the New York session on Monday, ...Full Story»
Swiss Franc Slides As European Shares Traded Higher (14 hr(s), 14 min(s), 17 sec(s) ago)
(RTTNews) - The Swiss franc weakened against other major currencies in the European session on Mon ...Full Story»
Swiss Franc Slides Against Majors (16 hr(s), 56 min(s), 16 sec(s) ago)
(RTTNews) - The Swiss franc weakened against other major currencies in the European session on Mon ...Full Story»
U.S. Dollar Drops After Soft PCE Inflation Data (06 hr(s), 53 min(s), 17 sec(s) ago)
(RTTNews) - The U.S. dollar declined against its major counterparts in the New York session on Fri ...Full Story»
U.S. Dollar Advances After Strong Economic Data (06 hr(s), 23 min(s), 17 sec(s) ago)
(RTTNews) - The U.S. dollar rose against its major counterparts in the New York session on Thursda ...Full Story»
Pound Rises As Traders' Await BoE Rate Decision (16 hr(s), 08 min(s), 17 sec(s) ago)
(RTTNews) - The British pound strengthened against other major currencies in the European session ...Full Story»
Pound Rises Against Majors (16 hr(s), 35 min(s), 17 sec(s) ago)
(RTTNews) - The British pound strengthened against other major currencies in the European session ...Full Story»
Yen Falls As BoJ Keeps Policy Rate Unchanged (18 hr(s), 53 min(s), 17 sec(s) ago)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Thurs ...Full Story»
Search

FOREX NEWS

U.S. Dollar Gains Against Majors

12/23/2024 - 12:36 PM (RTTNews)
(RTTNews) - The U.S. dollar rose against its major counterparts in the New York session on Monday, ...Full Story>>

Swiss Franc Slides As European Shares Traded Higher

12/23/2024 - 06:45 AM (RTTNews)
(RTTNews) - The Swiss franc weakened against other major currencies in the European session on Mon ...Full Story>>

Swiss Franc Slides Against Majors

12/23/2024 - 04:04 AM (RTTNews)
(RTTNews) - The Swiss franc weakened against other major currencies in the European session on Mon ...Full Story>>

U.S. Dollar Drops After Soft PCE Inflation Data

12/20/2024 - 14:06 PM (RTTNews)
(RTTNews) - The U.S. dollar declined against its major counterparts in the New York session on Fri ...Full Story>>

U.S. Dollar Advances After Strong Economic Data

12/19/2024 - 14:38 PM (RTTNews)
(RTTNews) - The U.S. dollar rose against its major counterparts in the New York session on Thursda ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsPrivacy Policy Translate AdvertiseContact Us

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.