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China’s deflationary spiral bumps up FX risk aversion
China’s NBS Manufacturing and Non-Manufacturing PMIs for May have increased the risk of a deflationary spiral in China. A weaker Chinese yuan may be required to counter and smooth the adverse effects of the deflationary spiral at least in the short-term. Risk aversion has resurfaced in the FX market via weakness seen in the G-10 […]...
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Posted: May 31 2023, 06:08
Author Name: marketpulse
Views: 092045