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China pros calling time on yuan surge past 7 per dollar

Bloomberg China’s yuan rallied past 7 per dollar and analysts are already warning the strength won’t last. The currency jumped as much as 0.60% to 6.9880 a dollar on Tuesday, trading stronger than the key level for the first time since August. The offshore rate rose as much 0.66%. The level had been a key support for the currency for ...

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Fed’s pause on interest rates divides Wall Street strategists

Bloomberg As the Federal Reserve signals it’s satisfied after pulling off a mid-cycle easing, Wall Street’s rate strategists are as divided as ever on the direction of Treasury yields. JPMorgan Chase & Co strategist Nikolaos Panigirtzoglou warned that 10-year yields may surge 100 basis points over the next six months given the Fed is now done with its “insurance” cuts. ...

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Malaysia central bank keeps rate unchanged

Bloomberg Malaysia’s central bank kept its benchmark interest rate unchanged, giving itself policy space to act in coming months if the global economy worsens. The central bank held its overnight rate at 3% at its final meeting for the year, as predicted by 16 of the 25 economists surveyed by Bloomberg. The remaining nine had expected a 25 basis-point cut. ...

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