China battles to stabilise yuan after Trump’s tariffs spark market upheaval
- On Thursday, China's central bank set the yuan fixing rate at 7.1889 per dollar, its lowest since January.
- The yuan faced pressure after U.S. President Trump announced higher-than-expected reciprocal tariffs on Wednesday.
- These tariffs, part of a 'Liberation Day' package, triggered market volatility and safe-haven asset demand.
- Raymond Yeung from ANZ stated the PBOC's efforts to stabilise the yuan remain consistent.
- Analysts expect China's GDP could decline by 0.5% to 1% because of these tariffs.
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8 Articles
8 Articles
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Center
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Right
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Coverage Details
Total News Sources8
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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