'Full weight of tariffs' on China could send the yuan to 8.42: Barclays
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Barclays' Mitul Kotecha suggests that the Chinese yuan could depreciate to 8.42 against the US dollar if the full weight of tariffs is applied. This depreciation is seen as a measure to counteract the economic impact of tariffs on China.
December 02, 2024 | 7:00 am
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Barclays' analysis on the potential depreciation of the Chinese yuan highlights the bank's strategic insights into currency markets, which could influence investor perception and confidence in Barclays' expertise.
Barclays' analysis on the yuan's potential depreciation showcases the bank's expertise in currency markets, potentially boosting investor confidence in its strategic insights. This could positively impact Barclays' stock as investors may view the bank as a reliable source of market analysis.
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