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Why the Chinese yuan is in rebound mode versus the U.S. dollar
Look out, here comes the Chinese yuan. The currency on Monday extended a rally in offshore trade (USDCNH) after the U.S. Treasury Department moved ahead of the planned Wednesday signing of a so-called phase-one U.S.-China trade deal to remove its largely symbolic designation of Beijing as a currency manipulator. The U.S. dollar bought 6.883 yuan in offshore trade on Monday, a fall of 0.4%.
https://finance.yahoo.com/m/c4a6cf5...42f/why-the-chinese-yuan-is-in.html?.tsrc=rss
Look out, here comes the Chinese yuan. The currency on Monday extended a rally in offshore trade (USDCNH) after the U.S. Treasury Department moved ahead of the planned Wednesday signing of a so-called phase-one U.S.-China trade deal to remove its largely symbolic designation of Beijing as a currency manipulator. The U.S. dollar bought 6.883 yuan in offshore trade on Monday, a fall of 0.4%.
https://finance.yahoo.com/m/c4a6cf5...42f/why-the-chinese-yuan-is-in.html?.tsrc=rss
