Speculation Rises on Possible Yuan Devaluation as Traders Weigh Consequences
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#ac774dfe ver:0.12

Speculation rises on possible yuan devaluation as traders weigh consequences. China's offshore yuan reaches 2-month high against the dollar, but recent news indicates mounting pressure and nearing weak end of trading band. Traders expect Beijing to rely on weaker yuan to stimulate growth, but must prevent disorderly capital outflows. Traders closely watching daily yuan reference rate for official pushback. Speculation of yuan devaluation to support economy, but skeptics fear capital outflows and destabilizing global currency market. #yuan #devaluation #traders #China...

#newstr #China #Yuan #Devaluation #CurrencyMarket #Economy 

 https://here.news/story/ac774dfe?ver=0.12