Dollar Slips, While Yuan Slumps on COVID-19 Unrest in China

Dollar Slips, While Yuan Slumps on COVID-19 Unrest in China
Chinese Yuan and U.S. dollar banknotes on Feb. 10, 2020. Dado Ruvic/Illustration/Reuters
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SINGAPORE/LONDON—The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while anti-regime protests in China sent the yuan to a two-week low.

Protests have flared across China and spread to several cities in the wake of an apartment fire that killed 10 people in the city of Urumqi in the country’s far west. Hundreds of demonstrators and police clashed in Shanghai on Sunday night.