"The Decline of the U.S. Dollar: Analyzing its Fall against the Chinese Yuan and Japanese Yen"

1 min read
Source: MarketWatch
"The Decline of the U.S. Dollar: Analyzing its Fall against the Chinese Yuan and Japanese Yen"
Photo: MarketWatch
TL;DR Summary

The Chinese yuan and Japanese yen are gaining strength against the previously dominant U.S. dollar, with the yuan trading at 7.116 renminbi USDCNY and the dollar trading below its 200-day moving average. This marks a comeback for the yuan, which had weakened significantly in recent months, and a resurgence for the yen.

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