An update on the Chinese yuan following the 4200bn in additional tariffs from President Trump

CNH is the 'offshore' yuan, traders have taken it a lot lower (USD/CNH higher) expecting PBOC to slash the value of the onshore CNY as the first retaliatory step:

The news, ICYMI:

  1. US is said to be about to release $200b China tariff list
  2. AUD/JPY is being punished on the latest China tariff chatter
  3. More: Trump's list of an additional $200b in China tariffs could be released in hours
  4. US admin manipulating the markets? Tariff news came at most impactful time
  5. US Government announcement on the next $200bn China tariffs hitting now
  6. US Trade Rep says US will impose 10% tariff on additional $200bn China goods