Chinese Yuan Weakens As Exports Plunge 21% in February

Mar 12,2019 02:28   Source:Earnforex
The Chinese yuan is weakening against a basket of currencies to start the trading week, driven by new data that shows exports posted a double-digit decline last month. The ongoing US-China trade discussions lingered in the background as both sides negotiate over the yuan and exchange rates. According to the National Bureau of Statistics of China, the world’s second-largest economy witnessed its export industry suffer the worst month in three years. Because of a cooling global economy […]

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