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Relative large flows went through some of the major IMM currency pairs during a week that saw the broad-based Bloomberg Dollar index decline by 0.4%. Overall, the changes left the gross dollar long down for a fourth week to USD 18.8 billion, a 40% reduction since reaching a five-year high on 23 April. Traders bought 24,320 euros contract (USD 3.3 billion ...
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While American manufacturer Tesla is largely synonymous with electric vehicles (EV) to most consumers in advanced economies, it is in fact Chinese firms that have become increasingly dominant in global EV manufacturing, particularly when viewed across the entire value chain. However, this market position – and the role of government subsidies in its ...
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