City Index: yuan likely to weaken as US-China trade war drags

China could depreciate its currency further if tensions escalate

US China trade war - Getty - 1148851370.jpg
Dollar to rise: trade deal unlikely after October meeting between US and China trade officials, says Kelvin Wong

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Acceleration of the ongoing trade conflict between the US and China will see the dollar appreciate higher against the yuan, according to Kelvin Wong, chief technical strategist for Asia at City Index.

In Wong’s view, it is unlikely a trade deal will materialise after the October meeting between US and China trade officials, based on the evidence of past failed trade talks.

City Index, which topped FX Week’s one-

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