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China Signals It Will Continue to Weaken Its Currency as Trade War Rages - The New York Times


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The New York Times
SOURCE: https://www.nytimes.com/2019/08/07/business/china-currency-yuan-renminbi.html
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Summary

AdvertisementSupported byBy Alexandra StevensonBEIJING — China signaled on Thursday that it might continue to weaken its currency, a move that threatens to again escalate the trade war with the United States.China’s central bank on Thursday set the midpoint of the renminbi’s daily trading range above 7 to the American dollar for the first time in more than a decade.

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