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S5/10Economic
EUR/CNY: Why China’s Yuan Is Drawing Scrutiny in Europe, What It Means for Euro
The value of the yuan has become a flashpoint in trade relations between China and the European Union.
Many EU policymakers and economists believe the currency is undervalued and a key driver of the bloc’s deepening trade deficit with the East Asian nation. That imbalance averaged about $1.1 billion a day in June.
Source: Bloomberg MarketsOriginal source
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