Letting the yuan depreciate could blunt the impact of US trade tariffs. And China's central bank has considered the possibility of the yuan dropping to 7.5-per-dollar to counteract trade shocks.

"They can go find another sucker," Trump said in a social media post, responding to efforts by the BRICS group of countries to build a currency alternative to the dollar

The Russian central bank moved on Thursday to stop foreign buying of the ruble in the domestic market after the currency slipped to its lowest since March 2022

US lawmakers are reviewing ties with Hong Kong's banks, amid increasing reports that the city has become a hub for money laundering and sanctions evasion

President-elect warns of imposing 10% tariff "above any additional tariffs" on imports from China, saying Beijing has not taken strong enough action to stop the flow of illicit drugs to the US via Mexico

Fears that Trump's policies will erode the appeal of emerging market assets have hit the Singapore dollar, the Korean won, Malaysian ringgit and Thai baht

A protectionist shift in US politics will spell further bad news for China’s currency and equities

Analysts say the threat of Trump winning the US election and imposing big trade tariffs on China has undermined the yuan in recent weeks

Most new and outstanding loans in China are based on the one-year Loan Prime Rate, while the five-year rate influences the pricing of mortgages

Strong employment data from September ends speculation of an interest rate cut this year by the Reserve Bank, as inflation remains sticky

Officials are trying to get foreign firms to trade on Shanghai's futures exchange, which has said it plans to expand soon into international metals storage

Investors will be watching keenly over the weekend when Beijing is expected to unveil more policy support measures