Forex Markets: Coronavirus, China economy


Source: cnbc.com cnbc.com

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U.S. dollar and Chinese yuan bank notes are arranged for a photograph on September 7, 2017. StudioEAST | Getty Images Asia's trade-exposed currencies inched higher on Monday as China's rebound from the Covid-19 pandemic stayed on course last quarter, even as caution about the U.S. election outcome kept the U.S. dollar supported against other majors. China's gross domestic product grew 4.9% in the September quarter from a year earlier, slower than forecast but faster than the third quarter and aided by strong gains in industrial output and an acceleration in retail sales. The yuan and risk-sensitive Australian and New Zealand...