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Chinese Yuan Hits Seven-Month Low Against Mighty US Dollar
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#ac774dfe ver:0.18

The Chinese yuan has hit a seven-month low against the US dollar, reflecting global economic shifts and nervousness among investors. China's industrial output and retail sales growth beat expectations, but concerns about a weaker yuan and mounting pressure remain. Traders are closely watching China's daily yuan reference rate to see if there will be official pushback. Speculation about a yuan devaluation to support the economy is also circulating. The US dollar's growing strength in Asia is causing stability concerns, and the US Federal Reserve is expected to keep borrowing rates higher for longer. #yuan #USD #economy...

#newstr #ChineseYuan #UsDollar #CurrencyMarket #Investors #FederalReserve #EconomicIndicators

https://here.news/story/ac774dfe?ver=0.18