Trump's yuan remark deepens US$ sell-off

London

A NEW Year sell-off of the US dollar deepened on Tuesday as investors turned more gloomy on the immediate outlook, spurred by President-elect Donald Trump's comments that the strength of the US currency against China's yuan "is killing us".

In the first full day of US trading since Mr Trump's comments in an article in The Wall Street Journal, the arrival of traders at their desks in New York saw the currency sink past US$1.07 per euro for the first time since Dec 8.