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

Retaliatory measures put further downside pressure on yuan while dollar will be mixed in 2020

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

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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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