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Slowdown “no material room” to improve

The head of commodities and Asia Pacific forex at UBS CIO Wealth Management tells Asian Private Banker that continued economic downturn at home and an imminent US Federal Reserve rate hike will result in higher USDCNY valuation, as efforts by China’s central bank to loosen fiscal chains runs against the prospect of a stronger USD. Currently, forecasts USDCNY to trade…

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