China set its daily yuan reference rate at the weakest level since 2008 after increasing political tensions with the U.S. drove the currency to a seven-month low.
Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:
Singapore’s currency looks set to remain under pressure as global headwinds outweigh the benefits of an easing in the nationwide lockdown.
Oil slipped in Asia as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand.
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