Trump’s trade war has led to a historically weak Chinese currency — and a new study shows that impact could spread globally

• Global currencies have become a front-and-center issue in the US-China trade war.
• The yuan slid nearly 4% versus the US dollar in August, its largest monthly decline in decades.
• That weakness could spread to other emerging-market currencies, according to a study by Institute of International Finance.

Source: Trump’s trade war has led to a historically weak Chinese currency — and a new study shows that impact could spread globally