Asia Pacific markets traded mixed; Australia’s central bank raises rates by half a point
China’s yuan won’t weaken much beyond level 7, says Capital Economics According to Julian Evans-Pritchard, senior China economist at Capital Economics, China’s yuan is likely to break the 7 level against the greenback based on the two countries’ yield differentials. But the currency won’t weaken much beyond that, he told CNBC’s “Squawk Box Asia.” “They …
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