The offshore yuan extended losses with regional peers, as China and the US slapped tariffs on each others’ exports as the trade war came to life.
The offshore yuan slid as much as 0.3% while currencies sensitive to China’s growth, including the Australian and New Zealand dollars, tumbled about 0.7%. China levied a tax on some products imported from the US and started a probe into Google on anti-trust law breaches, just after Washington imposed a 10% tariff on all Chinese goods.