Tag: Economic recovery

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Yuan Forwards Strengthen as Record June Exports Signal Recovery

From Bloomberg:Yuan forwards climbed for a third day after the government reported record exports in June and the largest trade surplus in eight months. Overseas sales jumped 43.9 percent from a year earlier to $137.4 billion and the trade surplus more than doubled to $20 billion, the highest level in eight months, the customs bureau said July 10. The U.S. government stopped short of branding Chi