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China’s Deflationary Spiral Bumps Up FX Risk Aversion

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 […] The post China’s Deflationary Spiral Bumps Up FX Risk Aversion appeared first on Action Forex... Read More
Posted: May 31 2023, 07:04
Author Name: actionforex
Views: 092080

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