RSS Aussie Slumps on Yuan Depreciation Speculation; US CPI and BoC Loom

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 RSS Aussie Slumps on Yuan Depreciation Speculation; US CPI and BoC Loom

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Australian Dollar continued its decline today as speculation mounted that China might allow Yuan to weaken in 2025 to counteract the economic impact of increased US trade tariffs under the incoming Trump administration. While no official announcement has been made, Beijing appears to ready to signal greater reliance on market-driven currency valuation. Also, according to […]

The post Aussie Slumps on Yuan Depreciation Speculation; US CPI and BoC Loom appeared first on Action Forex.
 
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