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Why China’s economic slowdown could spell bad news for Asian currencies

Summary:
[unable to retrieve full-text content]China’s strong economic recovery is expected to fade in the months ahead, putting downward pressure on the yuan exchange rate and consequently creating headwinds for other Asian currencies, analysts said.China is a net importer of goods from many Southeast Asian countries such as Malaysia, Thailand, Vietnam, Singapore and Indonesia, so a slowdown in demand would have knock-on effects for their currencies.Generally the Chinese yuan acts as an important anchor in the regional foreign exchange…

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[unable to retrieve full-text content]
China’s strong economic recovery is expected to fade in the months ahead, putting downward pressure on the yuan exchange rate and consequently creating headwinds for other Asian currencies, analysts said.China is a net importer of goods from many Southeast Asian countries such as Malaysia, Thailand, Vietnam, Singapore and Indonesia, so a slowdown in demand would have knock-on effects for their currencies.Generally the Chinese yuan acts as an important anchor in the regional foreign exchange…

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