Chinese Yuan fell by $ 6.9 on Friday 17-May-2019

Media IN Abu-Dhabi

The Chinese offshore yuan, which trades outside the mainland, dropped to as low as $6.9400 on Friday, its weakest level since November.

This was amid escalated trade tensions between Washington and Beijing, after the Trump administration added Huawei Technologies to a trade blacklist.

Meanwhile, the onshore yuan fell to 6.9106 per dollar, also its lowest level since November.

Historically, the Chinese Yuan reached an all time high of 8.73 in January of 1994 and a record low of 1.53 in January of 1981