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US impact of China’s devalued currency
Chinese officials last week announced the devaluation of the country’s currency, the yuan, in a surprise move that some contend is tied to the nation’s slowing economy. Last week, the yuan was down 4.4...
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3Qs: IMF names Chinese yuan one of world’s elite currencies
In the first such change since 1999, the International Monetary Fund announced on Monday that the Chinese yuan will be recognized among the elite group of worldwide reserve currencies. China’s...
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