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via BeInCrypto · By BeInCrypto Editorial
China Central Bank Slows Yuan’s Rise as it Grows Against Dollar
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BeInCrypto Editorial(07:50 AM UTC)
1 min read
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0 commentsThe yuan traded at 6.7837 per dollar on Monday, June 8, and is 3.1% stronger against the dollar year to date. But, China’s central bank is doing something very unusual: trying to stop its own currency from rising.
The recent rise has made the yuan one of the best-performing emerging-market currencies since the Iran war began. This is despite the US jobs report, which doubled forecasts, driving the…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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