China's yuan tumbled to below seven against the US dollar. The Chinese currency has fallen by more than 10% since mid-June, and is now trading at a record low of 6.8603 per dollar - down from 7.9300 on Monday.
China's yuan tumbled to below seven against the US dollar. The drop to its weakest level in over ten years comes as trade war tensions continue to escalate; the Beijing government has allowed its currency to plummet in response to Trump's latest tariff threat.