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China Freezes the Yuan -- And Sends Shockwaves Through Global Currency Markets
Source: Buzz FX / 06 May 2025 09:16:29 America/New_York
China just sent a wake-up call to the currency markets—and investors everywhere should pay attention. After a week of wild swings, the People's Bank of China (PBOC) stepped in to stop the yuan from running too hot.
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