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China’s yuan climbs to 7-month high on stronger yen, unwinding of global carry trade
1 month ago
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The sudden strength in funding currencies, particularly yen and yuan, dented carry trades, after weak US labour data last week stoked recession fears and fuelled bets on deeper rate cuts by the Federal Reserve.
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China’s yuan climbs to 7-month high on stronger yen, unwinding of global carry trade
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