FX speculators drive Chinas yuan to 17-year lows

As 2025 begins, few central bank peers envy the tug of war facing People’s Bank of China Governor Pan Gongsheng. Pulling from one side are currency traders betting Beijing will respond to Donald Trump’s coming trade war with a weaker yuan. On the other side, is Chinese leader Xi Jinping, who until now has opposed engineering […]
The post FX speculators drive China’s yuan to 17-year lows appeared first on Asia Times.

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