China's yuan extends losses in afternoon, falls 0.3% to fresh 11-yr low
SHANGHAI, Aug 22 (Reuters) - China's yuan extended losses on
Thursday afternoon, hitting a fresh 11-year low against the
dollar amid worries about the deepening Sino-U.S. trade war.
The spot yuan eased to a low of 7.0850 at one
point in afternoon onshore trade, its weakest level since March
18, 2008, and down 0.31% from the previous late night close of
7.0633. It last traded at 7.0839 as of 0823 GMT.
Its offshore counterpart traded at 7.0914 per
dollar as of 0823 GMT.
(Reporting by Winni Zhou and John Ruwitch; Editin by Kim
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