FOREX-Offshore yuan falls after report on Trump's tariff move on China

Reuters

Warning: This material has been prepared by a third party company, Reuters, which is independent of Davy. Davy has not reviewed the material and accepts no responsibility for errors or omissions, or for the information or opinions contained therein. It does not constitute investment advice.

    NEW YORK, Sept 14 (Reuters) - The Chinese yuan added to its
earlier drop against the dollar in offshore trading on Friday as
Bloomberg reports U.S. President Donald Trump told his aides to
proceed with tariffs on about $200 billion worth of Chinese
imports.  urn:newsml:reuters.com:*:nL2N1W0158
    At 12:13 p.m. (1613 GMT), the offshore yuan  CNH=EBS  was
down 0.45 percent at 6.876 per dollar. 
    The dollar index  .DXY , on the other hand, extended to its
earlier gains, up 0.33 percent at 94.830.  

 (Reporting by Richard Leong)
 ((richard.leong@thomsonreuters.com; +1 646 223 6313; Reuters
Messaging: richard.leong.thomsonreuters.com@thomsonreuters.net;
Twitter @RichardLeong2))

Warning: This content may be provided by regulated and unregulated entities and is not created, reviewed or endorsed by Davy. It is provided for general information purposes only and does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Importantly, it does not constitute investment advice, as it does not contemplate the personal circumstances of any particular person or group of persons. Neither Davy nor the providers of the Third Party Content will be liable for any investment decision made based on the reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.