The Chinese yuan is experiencing notable weakening against the U.S. dollar, largely due to concerns regarding potential trade policies following Donald Trump’s presidential victory.
Concerns over U.S.-China relations and the potential for tougher trade measures have significantly impacted the yuan’s value, keeping it one of the hardest-hit currencies.
Rising yields on the U.S. 10-year Treasury note indicate expectations of higher inflation as a result of Trump's policies, which further strengthen the dollar.
Market adjustments in expectations for the Federal Reserve's economic stance have contributed to increased bond yields, thereby reinforcing the strength of the U.S. dollar.
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