(Yicai Global) May 6 -- The Chinese yuan dived by more than 1 percent against the dollar in offshore currency markets early today to hit a three-month low as uncertainty shrouded a US-China trade agreement.

The yuan was at 6.8133 against the greenback as of 8.46 a.m. Beijing time, 1.18 percent less than the New York closing price on May 3 and marking the weakest rate since Jan. 23.

The onshore yuan, which tends to have a higher trading volume, will begin trading at 9.30 a.m.
 

Editor: James Boynton