The Chinese Yuan is losing ground to the US Dollar, as the tension between the two countries once again rises to the top of traders’ agendas.
The weekend was marked by the words of Peter Navarro, a White House trade advisor, who suggested that China had deliberately hidden the seriousness of coronavirus while at the same time ‘exporting’ it to the West. As the American presidential election campaign gathers pace it is likely that President Trump will explore tensions with China in an effort to galvanise his core support, with the Yuan likely to remain under pressure as a result.
