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China's yuan slips as dollar holds near two-week high; weak data weighs
SHANGHAI: China’s yuan edged lower against the US dollar on Tuesday, as the greenback hovered near a two-week high and a slate of economic data pointed to persistently weak domestic demand. The spot yuan opened at 6.7100 per dollar and was last trading at 6.7104 at 0237 GMT, 19 pips lower than the previous late-session close. The dollar inched up to trade near a two-week high on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates this week. “Markets continue to be dominated by sharp increases in developed market...
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