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USDCNY | Market outlook

Por DCFX-TA
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  • The USD/CNY strengthened on Tuesday as a stronger U.S. dollar and concerns over a weak Chinese economy put pressure on the Yuan.
  • Recent data from China revealed that manufacturing activity fell to a six-month low in August, while growth in new home prices also slowed during the same period.
  • Additionally, the property sector has yet to respond positively to Beijing's series of stimulus measures, continuing to drag down the overall economy.
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