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Futures Fall On Poor China Econ Data Ahead Of Powell Townhall

Futures Fall On Poor China Econ Data Ahead Of Powell Townhall
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USD/CNH Slides Lower on Chinese Retail Sales, Industrial Production Data

USD/CNH Slides Lower on Chinese Retail Sales, Industrial Production Data
2021-03-15 02:18:00
Daniel Moss,
Analyst
Chinese Yuan, Industrial Production, Retail Sales, US-China Relations, USD/CNH – Talking Points:
The Chinese Yuan gained ground against the US Dollar, on the back of a flurry of strong economic data releases.
Attention now turns to US-China relations as both sides agree to meet in Alaska on March 18-19.
USD/CNH long-term downtrend remains intact. Are further losses in the offing?
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The Chinese Yuan strengthened against the US Dollar, on the back of a series of robust data releases that highlight the nation’s V-shaped economic recovery. Of course, these figures are somewhat distorted by base effects, given they are comparisons from a year ago when the economy essentially went into hibernation. ....

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