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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
The currency swap which was originally signed in 2018, was aimed at addressing liquidity challenges for businesses in both countries and facilitating trade in their respective currencies.
Losses in the Chinese yuan and the euro have picked up in recent months, and that is worsening the outlook for emerging-market currencies in Asia and Europe. That’s because the yuan and euro ...
Trump has said he plans to impose a 10% universal import tariff, and a 60% tariff on Chinese imports into the United States. Letting the yuan depreciate could make Chinese exports cheaper ...