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Don't Bet On China's Economic Stimulus Yet As Yuan Faces Volatility Amid US Election, Jobs Data: Analysts

Summary by Benzinga
China’s yuan is expected to experience fluctuations due to Beijing’s economic stimulus and pressures from the United States as its presidential election approaches on Nov. 5, analysts indicated. What Happened: The yuan could appreciate against the U.S. dollar if Beijing implements significant fiscal policy easing as part of its stimulus efforts, the South China Morning Post reported on Monday. This could counteract depreciation pressures from p…
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