Economics
Offshore Yuan Drops Most in a Month as China Exports Decline
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The yuan traded in Hong Kong fell the most in a month after China’s exports unexpectedly contracted, fueling concern policy makers will favor a weaker exchange rate.
Overseas sales declined the most in more than a year in March while imports dropped as well, leaving the trade surplus at the least in 13 months. The yuan has gained against 25 of 31 major currencies this year, data compiled by Bloomberg show.