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Australian dollar sinks as Evergrande drives greenback rally

September 20, 2021 - 13:00 -- Admin

Unusually for Australian dollar trade, it is down sharply in Asia today as CNH falls: The yuan has been remarkably resilient as Chinese prospects have dimmed. It has been some whacko tail-end blowoff of the Fed’s free money flows. It’s not going to last as the PBoC shifts to RRR and rate cuts in due

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