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Pressure on the Chinese yuan is a tailwind for the dollar

This is one of the key charts to watch today as not only does it pertain to risk sentiment in general, it also has some bearing on the dollar's strength in the week ahead. Beijing have been trying to keep a lid on the currency's softening but the most they are doing now looks to be smoothening out the decline.The drop in the yuan today is inadvertently dragging down the aussie and kiwi as well, with both currencies seen down 0.5% and 0.4% against the dollar respectively. But in general, it also... Read More

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Content Topics

Pressure

Chinese

Yuan

Tailwind

Dollar

Forex

Posted: Aug 14 2023, 04:36

Author Name: forexlive

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