Yuan eases on trade concerns, Dollar edges lower

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The Chinese Yuan has suffered weakness against the Dollar after the initial news at the end of last week that the People’s Bank of China (PBoC) would re-introduce a counter cyclical factor in the daily Yuan fixing.

While this policy move by the central bank continues to highlight how Beijing is on a quest to achieving a stable exchange rate, the Yuan remains influenced by external factors. Concerns are mounting over trade relations deteriorating further, especially after recent mid-level talks between US and Chinese officials in Washington ended with no breakthrough. With the Trump… Read More

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