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China’s Stimulus Takes A Backseat To Save The Yuan | Michael Howell
Market Depth
The Importance of a Stable Currency Block in Forex Markets
A weakening yen is influencing a weakening C&Y, as the dollar strengthens against other currencies including the yuan./nThe tight integration of the regional Asian economy is causing significant changes in currency crosses./nThe pressure in markets is stemming from the need for a stable currency block./nForex markets should be closely monitored as the dollar remains dominant./nThe dollar is seen as the least dirty currency and is unlikely to be challenged by other currencies.
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