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China’s Weak Foreign Trade Spurs Further Yuan Weakening

China’s Weak Foreign Trade Spurs Further Yuan Weakening
Further signs of a slowdown in China came from the trade balance. The foreign trade data published in the morning was noticeably weaker than expected. Dollar-denominated exports fell by 7.5% YoY despite a more than 4.5% weakening of the Chinese yuan against the dollar during this time. Imports fell by 4.5% y/y, declining against the […] The post China’s Weak Foreign Trade Spurs Further Yuan Weakening appeared first on Action Forex... Read More
Posted: Jun 7 2023, 12:09
Author Name: actionforex
Views: 102127

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