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Yuan fallout still being somewhat contained by Beijing for now

Here's a look at the charts for both the onshore and offshore yuan currencies:The latest bout of the weakness in the yuan sees the currency fall to its lowest since late October to early November last year. And that is where Beijing is stepping in to limit the downside. The question though, is how long can they keep this up? It's one thing to send a message back to markets and speculators but this goes beyond that as China's economy is showing real signs of weakness that we haven't seen in ages... Read More

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Content Topics

Yuan

Fallout

Still

Being

Somewhat

Contained

Beijing

Forex

Posted: Aug 22 2023, 05:14

Author Name: forexlive

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