• China’s cycle of dollar hoarding and weakening yuan gets vicious

    Source: Buzz FX / 18 Apr 2024 03:41:18   America/New_York


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    SHANGHAI, April 18 (Reuters) - Chinese businesses are hoarding dollars because they expect their own currency to weaken, and that in turn is exacerbating a slide in the yuan that has been driven by wobbly stoc
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