Chinese Yuan Jumps on Data, Capped by Currency Manipulation Claims

Feb 27,2019 19:38   Source:Earnforex
The Chinese yuan is strengthening midweek on signs of an economic recovery, even though a government-sponsored enterprise (GSE) recently defaulted on its debt, sparking concerns about the world’s second-largest economy. But the yuan’s gains were capped on accusations that Beijing was manipulating its currency. Bloomberg Economics released some interesting measurements regarding the state of China’s once roaring economy. The gauges suggest that there are plenty of signs that […]

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