Currency Note Worldwide

Chinese Yuan struggles

By Ricky Bean July 2nd, 2015

Chinese manufacturing Purchase Managers’ Index data dropped slightly against expectations, with the sector just showing growth. This has continued to be the case for the Chinese industry, which has struggled for the past 3 years when compared to the previous ten years. The Yuan declined as a result of this news, and reports on monetary policy being eased further.

The Swiss government has given their support to the Swiss national bank, as it attempted to return to normal strength following continued weakness in the currency in recent months.

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