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China's yuan has dropped for 5 months straight as investors flock to the decades-high dollar

2 days ago   |   By Business Insider

Chinese President Xi Jinping sits down during a visit to Renmin University of China in Beijing, capital of China, April 25, 2022. Ju Peng/Xinhua via Getty Images
China's yuan is on its longest losing streak since October 2018, according to the Wall Street Journal.
The currency has lost 5% against the greenback so far in 2022 amid downbeat economic data from Beijing.
Higher US bond yields and an aggressive Fed have helped pushed the dollar 11% higher so far this year.
China's yuan has dropped 5% against the dollar so far in 2022, dropping for five consecutive months. That marks the...
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