Pressure on yuan may boost earnings for some SGX firms

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Pressure on yuan may boost earnings for some SGX firms
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FADING hopes of a US-China trade resolution have hit China's currency, with some banks revising their forecasts for the currency lower as the yuan slumped to a four-month low on Monday. Read more at The Business Times.

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The yuan fell 0.8 per cent to end its onshore trading session at 6.8721 per US dollar on Monday, its weakest such close since Jan 3.

FADING hopes of a US-China trade resolution have hit China's currency, with some banks revising their forecasts for the currency lower as the yuan slumped to a four-month low on Monday.To continue reading

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