US Dollar & Chinese Yuan: What's Happening Between The Two Currencies?
The currency narratives are now changing with the world order shifting towards embracing a diverse financial system. This system includes the rise of local currencies giving stiff competition to the dollar, and vice versa. At the same time, the aggressive US tariff regime continues to jolt world economies, with the Chinese yuan and US dollar taking maximum hits out of the lot. What’s up with both the currencies lately? Let’s find out. Also Read: This Asset May Outlive The US Dollar: Bitwise Strategy Head CNY Dips To An All-Time Low Source: Reuters . The Chinese Yuan has dipped massively due to the recent US tariff regime. President Donald Trump has levied 34% tariffs on China, which pushed the Chinese currency to fall dramatically against the US dollar. In response to this, Beijing is “ready to fight till the end” and has levied counter-tariffs, sparking rising trade war narratives and pushing the currencies further down. The US has once again responded to the current Chines...