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Moody's lower China's credit rating outlook to negative

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events China long adjustment process toward stabilisation (by Arnaud Masset) It’s been a while already that China has lost its title as world’s main growth driver as the economy continues to adapt to the new normal of slower growth, shifting toward a domestic generated growth from an export driven one. Since mid-2015, the yuan has been under increasing pressure - falling almost 6% against the US dollar - as the PBoC stepped in to try to manage a soft landing for the economy.

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