The Chinese yuan fell to its lowest level against the dollar since August 2010 in morning trade on Monday, fuelling speculation that
Beijing is allowing currency depreciation to counter threatened US tariffs.
The offshore currency weakened to 7.1085 to the dollar, days after US President
Donald Trump announced a plan to impose fresh
tariffs on another $300 billion in Chinese goods, sharpening trade war tensions between the world's two biggest economies.
The onshore yuan also tumbled, hitting 7.0307 in Monday morning trade to reach its lowest level since 2008.