Chinese Yuan Weakens As Forex Reserves, Exports Unexpectedly Rise

Jun 10,2019 10:47   Source:Earnforex
The Chinese yuan is weakening to kick off the trading week as the nation’s foreign exchange reserves and exports unexpectedly rose in May. With the balance of trade numbers being higher than what the market had anticipated, it might play a role in the US-China trade war, which is dragging out and could linger into the holiday season. According to the People’s Bank of China (PBOC), Beijing’s foreign exchange reserves increased by $6 billion […]

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