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Currencies

China's yuan hits one-week high as Trump delays tariffs

(Photo by Akira Kodaka)

SHANGHAI (Reuters) -- China's yuan jumped against the greenback on Wednesday to the highest level in a week, as Washington's decision to delay tariffs on Chinese exports eased worries over the trade war and pressure on the currency.

But with fresh economic data pointing to a further slowdown in China's economy, and lingering uncertainty around Sino-U.S. trade progress, analysts predict further yuan weakening over the coming year.

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