"China's Yuan Fluctuations Trigger Global Market Concerns"
TL;DR Summary
Traders are closely monitoring China's daily yuan reference rate on Monday after the currency approached a critical level last week, with the fixing expected to indicate whether Beijing will intervene to support the yuan or allow a modest depreciation. The yuan's stability is crucial as it can impact other markets as a regional currency anchor.
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- BRICS: China Dumping US Dollars To Keep Yuan on Top? Watcher Guru
- China's central bank stretches for stable yuan, stimulus as Fed delays rate cuts South China Morning Post
- China's yuan weakens, steps away from hitting daily downside limit TradingView
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