Will The Yuan Go Above 7.20?

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🇨🇳 🇨🇳 Chinese Yuan: “If they let the fixings go and let it move higher than 7.20 that’s a signal that they’re accommodating a weaker currency and that opens up room for them to cut rates as well,” said Bank of America’s Adarsh Sinha, co-head of Asia foreign-exchange and rates strategy in Hong Kong
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