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Currency markets have started pricing in elevated foreign exchange volatility around the US vote on Nov. 5, even with election day almost six months away. That concern is particularly pronounced in options betting on the Chinese offshore yuan, with the spread between six- and three-month implied volatility for the currency soaring for a second day. The ...
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As tensions rise in the South China Sea and the threat of a war over Taiwan becomes more palpable, the US Pentagon is stepping up its regional defense diplomacy in a potent challenge to China’s rising regional threats and ambitions. Last week, US Secretary of Defense Lloyd Austin hosted counterparts from Japan, Australia and the Philippines for what is ...
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