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China Ends Yuan Dollar Peg, Aussie Rallies

posted by Avatar FXTimes 705 days ago in AUD, Technical, Fundamental made popular 705 days ago

The big news coming out of the weekend was China announcing that it would end its two-year peg of the Yuan to the Dollar. A stronger yuan will boost the purchasing power of China and its consumers, benefiting countries that export to China such as Australia. The Aussie rallied Sunday, gapping higher to start the week.
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