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Yuan Nears Multi-Year Lows on the Weaker Economy

Another set of statistics from China has added to the wave of disappointment over the momentum of the world’s second-largest economy, prompting a dichotomic response from regulators. Retail sales in July were only 2.5% y/y, down from 3.1% y/y in the previous month and in stark contrast to the expected acceleration to 4.2% y/y. Until […] The post Yuan Nears Multi-Year Lows on the Weaker Economy appeared first on Action Forex... Read More

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Yuan

Nears

Multi

Year

Lows

Weaker

Economy

Multi year

Forex

Posted: Aug 15 2023, 14:53

Author Name: actionforex

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