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Which Direction will the Trade War Push the Yuan?
Posted
August 5, 2019
Views
13,803
Likes
89
Comments
54
Engagement
1.04%
August 5, 2019
13,803
89
54
1.04%
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1:02Now PlayingThreats and reprisals are rife in the escalating U.S.-China trade war. The ongoing dispute will have major implications for the direction of China’s currency. If the two sides are able to make a deal the yuan will appreciate. However, an agreement appears to be a distant prospect. With President Trump apparently unconcerned about reaching an agreement and President Xi keen to save face, a protracted dispute (and consequent depreciation) is the likely scenario. Insights via @CMEGroup
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