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DBS: “The rise and rise [and rise]” of the trade-weighted yuan

“Too many Americans have a myopic view of the yuan,” DBS says in its latest investment note, highlighting the trade-weighted resilience of the currency and the likelihood to “continue its 20-year march north”. According to the bank, this “myopic view” of the currency is due to the fact that its value is too commonly measured against the dollar. “This is…

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