Day: May 9, 2023

Uncategorized

Asia FX Dips After Chinese Imports Disappoint, Dollar Rises

Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on the U.S. economy from key inflation data due this week. China’s yuan fell 0.1% as data showed China’s imports fell more than expected in April, indicating that local demand in the country remained dim despite […]

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