China Currency Dips to Lowest Level Versus Dollar in 8 Years
— By Nov 25, 2016 09:43Liu expects increased pressure from December this year to January 2017 when Chinese citizens purchase foreign currencies, especially USA dollars, for travels during the Spring Festival holiday starting from the end of January. Even though the yuan has depreciated 6.2% against the USA dollar this year, China's exports have not picked up (see chart). Malaysia has been hard hit by capital outflows from emerging markets as investors expect US interest rates to rise faster under the incoming ...
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