The renminbi’s offshore exchange rate endured its worst one-day fall since August as trade ructions between the world’s two biggest economies lingered into a second week.
The offshore renminbi was down as much as 0.9 per cent to Rmb6.9402 per dollar as European trading got underway on Monday. The onshore renminbi fell more than 0.5 per cent.
The onshore and offshore flavours of the Chinese currency are trading at their weakest levels since early January and late December, respectively.
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