Yuan holds days gains, but down by 1pc for weekBusiness | 10 May 2019 2:13 pm
China’s currency held on to gains after the U.S. imposed additional tariffs on goods. The yuan was up by 0.2 percent to 6.8130 per US dollar at 12:36 p.m. local time, paring a weekly decline, Bloomberg reports.
Futures on the FTSE China A50 Index in Singapore paired gains to 1.2 percent.
Even after Friday’s gains, the yuan is down by more than 1 percent this week, with the offshore exchange rate the worst performer in Asia, while the Shanghai equity benchmark has lost 6 percent.