Day: November 12, 2018

Chinese Yuan Weakens to 10-Year Low As Economy Holds Steady

The Chinese yuan weakened to a 10-year low against its US counterpart as the national economy held steady in October. It is evident that President Donald Trump’s trade war against Beijing continues to have a dire toll on the world’s second-largest economy. With the trade spat expected to linger into 2019, analysts are warning that the worst is far from over for China. According to new economic data from UBS […]