China’s yuan slides to 4-month low on tariff threats and mixed PMI data

From brecorder.com

The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers’ index (PMI) data raised concern China’s economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China’s factory activity expanded at the fastest pace in five months in November. The upbeat Caixin/S&P Global survey data followed a modest improvement in the official manufacturing PMI, but a worse-than-expected non-manufacturing PMI, which includes construction and services, over the ... (full story)