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China’s yuan rally has just started, and it is thanks to the US Federal Reserve

Summary:
[unable to retrieve full-text content]The yuan’s appreciation against the US dollar in recent days could be a prelude to a long rally for the Chinese currency as it is increasingly being seen as a stable source of value amid unconventional monetary policies by major central banks pushing the global financial system into uncharted territories.The near zero and sub-zero bond yields offered by governments from rich countries are upending conventional theories of value, forcing investors to scramble to defend the value of their…

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[unable to retrieve full-text content]
The yuan’s appreciation against the US dollar in recent days could be a prelude to a long rally for the Chinese currency as it is increasingly being seen as a stable source of value amid unconventional monetary policies by major central banks pushing the global financial system into uncharted territories.The near zero and sub-zero bond yields offered by governments from rich countries are upending conventional theories of value, forcing investors to scramble to defend the value of their…
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