- Currency weakens despite PBOC’s efforts to support sentiment
- PBOC set fix at stronger-than-expected levels since November
The yuan fell to the lowest level in about a year versus the greenback, as traders added bearish wagers on lackluster China growth amid risks of higher US tariffs.
The onshore yuan fell as much as 0.3% to 7.2970 per dollar, weakest level since November 2023. The Bloomberg Dollar Spot Index on climbed toward a two-year high on Tuesday.
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