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Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.
Trump’s trade war has led to a historically weak Chinese currency — and a new study shows that impact could spread globally
"For the rest of EM, RMB weakening carries contagion risk and adds to an already unsettled environment," wrote a team of economists at the IIF.
China’s renminbi is headed for its biggest ever monthly drop — and economists warn other currencies will suffer
The yuan is headed for an almost 4% drop in August. It may go down even more, say economists, and risks spilling over into emerging market currencies.
China let its currency, the renminbi, slip earlier this month, sending markets crashing as it retaliated against the US in their trade war.
The most important number in markets: Here’s why traders around the world are getting increasingly obsessed with a daily dispatch from China
China recently let the yuan fall to levels not seen since the global financial crisis, and investors are watching closely for what's next.
World stocks are rallying after a trio of central banks cut rates and China calmed investors’ nerves
"One common factor that all investors seem to agree upon is the expectation of lower interest rates going forward."
The global trade war has morphed into a currency war. Here’s why that’s a scary proposition for markets.
"A trade war that was supposed to be easy to win seems like it's going to be hanging around for a long time," said Dan Ikenson of the Cato Institute.
China takes measures to keep the yuan from plummeting further, stabilizing markets after 2019’s worst rout
The move by the People's Bank of China to fix the yuan higher than analysts expected pushed its exchange rate back above a key psychological level.
Markets are steady after Monday’s bloodbath — but Trump’s ‘currency manipulator’ label on China means the trade war will...
"The US has simply made it clear that there is no goodwill in discussions, and no desire for a swift resolution to trade talks."
The jump came after China let its currency slide to its lowest value against the US dollar in over a decade.