China’s yuan has dropped to its lowest level in more than a decade. It’s now moving closer to the key level of 7 per U.S. dollar.
Meanwhile, Asian stocks were trading mixed as investors reacted to the prospect of U.S. tariffs on all Chinese imports.
Also on markets:
– The S&P 500 and Nasdaq 100 are on track for the steepest monthly falls of the bull market
– Oil is set for a second day of declines.
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