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Chinese yuan could strengthen to 6.90 per US dollar if ‘phase one’ deal is signed, says economist

Chinese yuan could strengthen to 6.90 per US dollar if ‘phase one’ deal is signed, says economist

Dariusz Kowalczyk, chief China economist at Credit Agricole, said there's an 80% chance the U.S. and China will sign a "phase one" trade deal.

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Kyle Bass: China’s currency would collapse 30% to 40% if they stopped supporting it

Kyle Bass: China’s currency would collapse 30% to 40% if they stopped supporting it

Hayman Capital Management founder Kyle Bass said on Monday that without state support, China's currency would plunge at least 30%.

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Larry Summers blasts Trump on the dollar: ‘No nation can devalue its way to prosperity’

Larry Summers blasts Trump on the dollar: ‘No nation can devalue its way to prosperity’

The Democratic former Treasury secretary says the Trump administration should not weaken the dollar in order to boost competitiveness.

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