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Biden Could Help Chinese Yuan Rise

M. Ali 9 November, 2020 7:54 pm Forex Market, Market Update

Investment banks are expecting the Chinese Yuan to be among the gainers from the change of leadership in the United States, Reuters reported.

A Joe Biden presidency is set to see efforts to calm the rising trade tensions with China, which is expected to allow Beijing to let the value of its currency appreciate.

The Yuan is seen reaching its high levels recorded in early 2018, before the beginning of the trade war between the world’s two largest economies.

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