News Analysis
The worst sell-off in U.S. stocks in 2019 happened this week amid rising trade tensions between the United States and China, but also closely watched was the yuan’s slide against the U.S. dollar.The Chinese regime allowed its currency drop to just over seven to the U.S. dollar. Its fall sent a ripple through financial markets, which had investors seeking safe havens such as U.S. Treasury bonds and gold, which hit a 6-year high.
