China's yuan extends losses in afternoon, falls 0.3% to fresh 11-yr low

China's yuan extended losses on Thursday afternoon, hitting a fresh 11-year low against the dollar amid worries about the deepening Sino-U.S. trade war.

The spot yuan eased to a low of 7.0850 at one point in afternoon onshore trade, its weakest level since March 18, 2008, and down 0.31% from the previous late night close of 7.0633. It last traded at 7.0839 as of 0823 GMT.

Its offshore counterpart traded at 7.0914 per dollar as of 0823 GMT.

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