Escalating tensions between US and China on who is responsible for the outbreak of COVID-19 will not just push the Chinese yuan lower, but could also spark a major devaluation across numerous major currencies, analysts warn. The US dollar to yuan exchange rate has fallen about 0.5% since end of April when US President Donald Trump said there was a "high degree of confidence" that the virus originated from the Wuhan Institute of Virology. Trump has signaled that one way to punish China for its handling of the outbreak could be to implement additional tariffs. Analysts warned that the impact of an escalation in the ... (full story)