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US Dollar May Rise Against the Yuan, Will 2022 Chinese Export Demand Slow?: Top Trade Q1 2022
In the face of the US Dollar’s rise in 2021, the Chinese Yuan was a notable standout. The DXY Dollar Currency Index appreciated almost 7 percent in 2021. Meanwhile, the offshore Renminbi (CNH) gained just under 1% against the USD. However, the Yuan’s strength will likely be increasingly tested in the first quarter of 2022 and throughout the year. There have been a plethora of woes taking their toll on China’s economy. These include the Evergrande crisis, strict Covid-induced lockdowns and Beijing’s crackdown on the technology and education sectors. All of these have resulted in the People’s Bank of China ... (full story)
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- Jan 2, 2022 7:48pm Jan 2, 2022 7:48pm
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Prof.Trader - | Commercial Member | Joined Jan 2018 | 714 Comments
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- Posted: Jan 2, 2022 9:00am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,142
