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The Stronger Yuan Is Sending Waves Through Assets Worldwide

  • Assets in focus include gold, copper, luxury stocks and more
  • Strength of Chinese currency seen influencing outlook for euro
General Views Of Shanghai As The Yuan Drops
Photographer: Qilai Shen/Bloomberg
Updated on

China’s currency is on the march, and it’s powering bets across every corner of global markets.

From the euro and copper to bunds and luxury stocks, traders are adjusting to the strongest yuan in more than five months after the U.S. lifted the label of currency manipulator from the Asian nation. The two countries are due to sign the first part of a trade accord on Wednesday, another step in the thawing of tensions.