Beijing considering softer currency

News Snapshot:

REUTERS reported that China is considering allowing the yuan to weaken in 2025 to brace for higher trade tariffs in a second Donald Trump presidency, citing people familiar with the matter. Foreign exchange markets moved on the news, with the yuan falling about 0.3 percent to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping. The Australian dollar touched a one-year low. Several market analysts weighed in on the issue. "Currency adjustments are on the table as a tool to be used to mitigate the effects of tariffs. I think that is...