SHANGHAI/HONG KONG -- The previously booming yuan carry trade is coming to a turning point with an anticipated U.S. interest rate cut expected to add to the unwinding triggered by early August's plunge in Japanese equities.
Currencies
Yuan carry trade dims amid U.S. rate cut expectations
Trade favored by Chinese exporters also hit by Japan stock turbulence
The yuan strengthened to its highest point against the dollar in more than a year on Aug. 30. © Reuters
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