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| China Is Weakening Its Currency Before US Trade Talks Begin "The move in the fixing today is aggressive," said Ken Cheung, a currency strategist at Mizuho Bank Ltd. in Hong Kong. "China may want to weaken the yuan pre-emptively before the trade talks with the U.S., so that they have room to strengthen the currency" if needed, Cheung said, adding that policy ...
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| Can an Emerging Economy Get Into Financial Trouble by Holding Too Many Foreign Assets? Over time emerging economies learned this lesson the hard way. Emerging market governments shifted to borrowing in local currencies, and started building up foreign reserves. The strength of emerging market sovereign balance sheets is a big reason why the 2013 taper tantrum and the 2014 oil price ...
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