Yuan May Hit Five Per Dollar on Carry-Trade Exit, Macquarie Says

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Bloomberg Markets 1 day ago • bloomberg.com

Yuan May Hit Five Per Dollar on Carry-Trade Exit, Macquarie Says

China’s onshore currency may strengthen to as much as five yuan per dollar if local firms unwind a massive buildup of greenback holdings, triggering a sharp reversal in capital flows, according to Macquarie Group.

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