Thursday, October 23, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

China’s yuan falls to one-year low on weak growth, tariff risk

by Stephanie Irvin
in Real Estate
China’s yuan falls to one-year low on weak growth, tariff risk
Share on FacebookShare on Twitter


THE yuan fell to the lowest level in about a year versus the greenback, as traders added bearish wagers on lacklustre China growth amid risks of higher US tariffs.

The onshore yuan fell as much as 0.3 per cent to 7.2970 per US dollar, the weakest level since November 2023. The Bloomberg Dollar Spot Index on climbed towards a two-year high on Tuesday (Dec 3).

The yuan underperformed Asian currencies in November on bets potential US tariffs next year under Donald Trump’s administration will exacerbate China’s economic woes. A raft of stimulus measures from Beijing have failed to impress investors so far and the nation’s residential market remains in a slump.

The People’s Bank of China has been shielding the yuan from rapid declines by setting the daily fixing at stronger-than-expected levels since Trump’s victory in the US election in early November. On Tuesday, Beijing boosted its support for the currency by issuing a reference rate that had the largest strong bias since August relative to the market’s forecast.

“The yuan weakened on tariff concerns, and while the authorities are capping the fix just slightly stronger than the 7.20 level for now, this may not prevent the spot from weakening further,” said Khoon Goh, head of Asia Research at Australia & New Zealand Banking Group.

Analysts expect the yuan to break a 17-year low against the US dollar in 2025, with the most bearish observers predicting a decline of around 10 per cent. Currency traders are also assessing the possibility of a Federal Reserve interest-rate cut this month as US hiring probably jumped in November. BLOOMBERG

Share with us your feedback on BT’s products and services

Tags: ChinasFallsGrowthOneYearRiskTariffWeakYuan
Stephanie Irvin

Stephanie Irvin

Next Post
Ariana Grande Shares Why She Will Never Return to The Voice As a Judge – E! Online

Ariana Grande Shares Why She Will Never Return to The Voice As a Judge - E! Online

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In