China’s yuan falls to weakest level since 2007 as US tariffs rise

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HONG KONG, April 9 — China’s yuan ended at its weakest level in more than 17 years today after its offshore counterpart...

The fixing was 1,282 pips firmer than a Reuters estimate, suggesting the central bank is reluctant to see a drastic depreciation of the currency.

US President Donald Trump’s “reciprocal” tariffs on dozens of countries took effect today, including massive 104 per cent duties on Chinese goods.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong Kong

Topics: Chinese yuan Us tariffs China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 19:10:37 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 27754222

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