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Yuan weakness spooks China and Asia ex-Japan stock markets
USD/CNH (offshore yuan) has surged to a 6-month high of 7.08. Since late Oct 2022, the movement of USD/CNH has had a high degree of correlation with China and Asia ex-Japan equities. Positive momentum factor remains intact for USD/CNH which may add further potential headwinds for China and Asia ex-Japan equities. The earlier “China re-opening […]...
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Posted: May 25 2023, 06:51
Author Name: marketpulse
Views: 111633