City Index: yuan under pressure as tensions rise between US and China

Digital renminbi — Under fire: if US imposes extra 15% tariffs on $160bn of Chinese products a negative feedback loop is likely

- Alice Shen
- 05 Dec 2019

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The Chinese yuan is likely to weaken further against the greenback as tit-for-tat measures contribute to rising geopolitical tensions between the US and China.

After US president Donald Trump signed the Hong Kong democracy act into law, on Tuesday (December 3) the US House passed the Xinjiang bill, which seeks to enact sanctions on China over human rights abuses.

This development could affect bilateral co

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