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Chinese Yuan Rises on Confidence, CBIRC Warning of ‘Heavy Losses’ for Bears

The Chinese yuan is rising to kick off the trading week, buoyed by stronger confidence in the world’s second-largest economy and a strong warning from the nation’s top banking regulator for the currency bears. But the rally was capped by disappointing economic data and worsening trade relations with the US.

Australian Dollar Tanks, Falling for Fourth Session

The Australian dollar tanked today, falling for the fourth consecutive trading session. Domestic macroeconomic data was mixed, but it was overshadowed by global news that was negative to the market sentiment.

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