Yuan eases on trade concerns, Dollar edges lower


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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