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Dollar Mixed as Chinese Stimulus Papers Over Economic Ills

Monday, 17 February 2020 16:21 WIB DOLLAR

The dollar was mixed against developed-market peers in early trading on Monday after hitting a new four-month high in overnight trading. The greenback was also a touch weaker against the Chinese yuan after the People’s Bank of China added to its already extensive stimulus measures since the outbreak of the Covid-19 virus in cutting its medium-term financing rate to a new record low. The measures reflated Chinese asset markets still further, leaving the benchmark stock index where it was before the New Year holiday, but have done little to lift the uncertainty over the path of the Chinese economy as it struggles with the virus outbreak. By 3:40 AM ET (08:40 GMT), the dollar index, which...

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