SHANGHAI, Nov 23 (Reuters) - The yuan edged lower against the dollar on Monday as fresh tensions between Beijing and Washington sapped appetite for the Chinese currency, even as investors eyed longer-term prospects of improving ties under a Biden presidency.
The Trump administration is looking at moves that would restrict 89 Chinese aerospace and other companies from buying a range of U.S. goods and technology, according to a draft copy of the list of firms seen by Reuters.
Sino-U.S. disputes have been among the key factors weighing on the currency since the outbreak of the trade war in 2018, but Democratic President-elect Joe Biden's winning of the presidential election has relieved markets and pushed the yuan to 29-month high this month.
The spot market opened at 6.5510 per dollar and was changing hands at 6.5642 at midday, 20 pips weaker than the previous late session close.
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