{"id":849,"date":"2018-07-11T05:26:37","date_gmt":"2018-07-11T05:26:37","guid":{"rendered":"https:\/\/forexvarsity.com\/welcome\/?p=849"},"modified":"2018-07-11T05:26:37","modified_gmt":"2018-07-11T05:26:37","slug":"yen-gains-aussie-yuan-hit-as-u-s-announces-tariffs-on-200b-in-chinese-goods","status":"publish","type":"post","link":"https:\/\/forexvarsity.com\/welcome\/yen-gains-aussie-yuan-hit-as-u-s-announces-tariffs-on-200b-in-chinese-goods\/","title":{"rendered":"Yen Gains; Aussie, Yuan Hit as U.S. Announces Tariffs on $200B in Chinese Goods"},"content":{"rendered":"<p>The yen, often sought in times of political tensions and market turmoil, gained against a number of peers following the latest tariff news. The<span>\u00a0<\/span><span class=\"aqPopupWrapper js-hover-me-wrapper\"><a href=\"https:\/\/www.investing.com\/currencies\/usd-jpy\" id=\"5b4594a961ed4\" class=\"aqlink js-hover-me\" hoverme=\"aql\" data-pairid=\"3\">USD\/JPY<\/a><\/span><span>\u00a0<\/span>pair dropped to 110.85 by 12:30AM ET (04:30 GMT) after hitting a seven-week high of 111.355 yen earlier on Tuesday.<\/p>\n<p>Meanwhile, the yuan retreated by the most in more than a week as the<span>\u00a0<\/span><span class=\"aqPopupWrapper js-hover-me-wrapper\"><a href=\"https:\/\/www.investing.com\/currencies\/usd-cny\" id=\"5b4594a961ffd\" class=\"aqlink js-hover-me\" hoverme=\"aql\" data-pairid=\"2111\">USD\/CNY<\/a><\/span><span>\u00a0<\/span>pair rose 0.6% to 6.6695, though it still kept some distance from 11-month low of 6.7344 touched last week.<\/p>\n<p>&#8220;A key concern of China\u2019s government is stability,&#8221; said Investec Bank\u2019s economist Ryan Djajasaputra. &#8220;If the trade situation deteriorated and the yuan witnessed further downward pressure, we would expect the authorities to step in, particularly if there were signs of capital flight.<\/p>\n<p>The Trump administration said on Tuesday that it would impose tariffs on an extra 200 billion worth of Chinese imports, raising concerns of a full-blown trade war between the world&#8217;s two biggest economies. The proposed list of goods includes consumer items such as clothing, television components and refrigerators as well as other technology products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The yen, often sought in times of political tensions and market turmoil, gained against a number of peers following the latest tariff news. The\u00a0USD\/JPY\u00a0pair dropped to 110.85 by 12:30AM ET (04:30 GMT) after hitting a seven-week high of 111.355 yen earlier on Tuesday. Meanwhile, the yuan retreated by the most<a class=\"moretag\" href=\"https:\/\/forexvarsity.com\/welcome\/yen-gains-aussie-yuan-hit-as-u-s-announces-tariffs-on-200b-in-chinese-goods\/\"> Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-849","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=849"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/849\/revisions"}],"predecessor-version":[{"id":850,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/849\/revisions\/850"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}