Renminbi weakens past Rmb6.9 against dollar after US strike on Syria

Listen to this article


China’s currency weakened past the Rmb6.9 per dollar mark and to the softest level since March 21 on reports the US had launched a missile strike on Syria.

The renminbi was 0.1 per cent weaker at 6.9031 per dollar following word of the strike, the weakest level since March 21.

The softening comes as the Chinese and US Presidents are meeting in Florida for a two-day summit that will address the countries’ trade relationship, among other issues.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from and redistribute by email or post to the web.