Chinese Yuan Weakens Despite Positive Outlook, Continued Stimulus

Apr 22,2019 17:38   Source:Earnforex
The Chinese yuan is sliding against some of its most traded currency pairs on Monday. As the yuan weakens, there is a positive outlook for the Chinese economy on the market, particularly as Beijing confirming that it will continue to support its economy. Industrial metals steel and iron ore soared on Monday after the federal government announced it would maintain stimulus support for the world’s second-largest economy. The Communist Party said it would […]

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