Research: Will new US tariffs unravel yuan?

Will new US tariffs unravel yuan?

By Blu Putnam, Chief Economist, CME Group

Highlights

  • Chinese currency breaks key threshold of 7 yuan per USD amid new tariffs
  • Pressure expected to mount on Fed to continue cutting interest rates
  • Trade war has decelerated China’s economy, could weaken yuan further
  • New US tariffs on China set to go into effect on Sept 1, escalating dispute
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