Chinese Yuan Weakens As Manufacturing Activity Contracts

May 31,2019 22:43   Source:Earnforex
The Chinese yuan is weakening against major currency rivals at the end of the trading week, driven mainly by disappointing economic data, as well as the lingering trade war with the Americans. The yuan has had a rough second quarter against the US dollar, but it has mostly gained against the euro so far this year. China has had a mix of highs and lows this year – both on data and trade. According […]

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