- The Chinese yuan has fallen to its lowest this year.
- An increase in the USD/CNH, or the US dollar versus the offshore traded yuan, indicates the US dollar is strengthening against the yuan.
- Along with escalating trade tensions between the United States and China, the yuan has been under pressure in recent months from a softening in Chinese economic data as well as divergent monetary policy settings between the People's Bank of China and US Federal Reserve.
The Chinese yuan is getting hosed, falling to the lowest this year on Wednesday.
The USD/CNH, or the US dollar versus the offshore traded yuan, hit a high of 6.6105 earlier, leaving it at the highest level since December 20 last year.
See the rest of the story at Business Insider
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