Weakening Yuan Fans Trade War Fears
August 05, 2019 at 14:14 PM EDT
U.S. markets and stock ETFs retreated Monday after China responded to President Donald Trump’s threat of new tariffs by letting the yuan currency depreciate to support its domestic export-reliant industry. On Monday, the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) decreased 2.6%...